Word: feeders
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Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...review of the massive 162-page document shows Madoff's direct victims but does not list the many other thousands of entities, from banks to charities, that were burned in Madoff pension, feeder and subfeeder funds. In testimony yesterday before the House Financial Services Committee, Harry Markopolos, an early whistle-blower on Madoff's $50 billion Ponzi scam, said there were at least 14 known major feeder funds. (See pictures of the demise of Bernie Madoff...
...known that feeder funds such as Fairfield Greenwich, Ascot Partners and Chais Investments, which are listed in the court document, had thousands of individual investors who placed billions into Madoff's Ponzi. These victims are not part of the list...
...Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...also suggested that it might be better to disband it or merge it with another agency. The bigger fix, he said, was to create one "super regulatory agency" and one national banking regulator, thereby filling regulatory gaps and duplication. Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...