Word: feeder
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...What's more, Madoff is reportedly trying to negotiate a plea agreement that could conclude the fraud case against him without a trial. But that's just the beginning of Litt's work. Madoff took as much as $50 billion from investors around the world, working with dozens of feeder funds and other middlemen to lure money into his scheme. Litt will have to decide who among these people is at fault as well. And he will have to do so in an environment in which many powerful and formerly wealthy people are angry. Madoff says he acted alone, complicating...
...Madoff, the "sophisticated swindler," couldn't have agreed more. Some unregistered feeder funds, like the one I and others invested in, had $500 million or more in them and were the early engines of Madoff's dubious success...
...sure it would have helped stop this crime, but earlier transparency, or registration for the sponsor group [feeder fund] has a logic to it now," says Barbash. "Certainly, I think greater protection would have come if Madoff was forced to register...
...believes the Madoff case "has changed things." Kundro told Bloomberg TV last week that the Madoff fraud was a unique situation that added to the overall crisis in investor confidence. Since Madoff, Kundro said, there is "now a fundamental shift in thinking that some regulation may be needed for feeder funds...