Big Investor Gave a Warning That Madoffcould Abscond ; Scandal

Evening Standard - London › December 23, 2008

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Summary

A MAJOR investor with alleged fraudster Bernard Madofftold clients the former Nasdaq chairman could abscond with the money in the most explicit warning given by any of the so-called feeder funds.

Kingate Global, which channelled money to Bernard L MadoffInvestment Securities to manage, flagged the risk to customers before the $50 billion ([pounds]33 billion) swindle was uncovered this month.

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Extract

Big Investor Gave a Warning That Madoffcould Abscond ; Scandal

Madoff allegedly defrauded investors in a Ponzi scheme in what looks to ...

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