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The FM Low Volatility Fund handed over investors’ $15 million to Bernard Madoff for his Ponzi scheme, a class action claims in Manhattan Federal Court. Also sued in the FM Low Volatility case are Family Management Corp.; Seymour Zises; Andrea Tessler; Andover Associates LLC I; Beacon Associates LLC I; Beacon Associates Management Corp.; Beacon/Andover Group; Mavam Capital Management LLC; and Fulvio & Associates LLP.
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