Tuesday, February 7, 2023 | Back issues
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Bernard Madoff Spinoffs

A class action accuses these defendants of gross negligence in handing $3.3 billion to Bernard Madoff to invest in the American Masters Broad Market Prime Fund: Tremont Group Holdings, Oppenheimer Acquisition Corp., Massachusetts Mutual Life Insurance Co., Ernst & Young LLP, and American Masters Broad Market Prime Fund Ltd., in Manhattan Federal Court.

New York University claims J. Ezra Merkin and others lost an unknown amount of its money in the Ariel Fund Ltd., as part of Bernard Madoff's Ponzi scam. Here are the defendants in NYU's claim in New York County Court: Ariel Fund Ltd., Gabriel Capital Corp., J. Ezra Merkin, Fortis Bank (Cayman) Ltd., Fortis Prime Solutions (Cayman) Ltd., Fortis Bank, BDO Tortuga, and BDO International.

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