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46%  
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  • MERKIN TO FACE COURTS (GMAC chair got $6B bailout--fed Madoff via several hedge funds)

    05/08/2009 7:07:08 AM PDT · by Liz · 15 replies · 918+ views
    NY POST ^ | 5/8/09 | Copyright Reuters. All rights reserved.
    REUTERS A lawsuit charges hedge-funder Ezra Merkin "knew or should have known" that Madoff was a fraud, and seeks $500M from Merkin's funds. Merkin's Gabriel Capital Corp. received $tens of millions in fees from deals with Madoff. Stanley Chais of California was charged last Friday. Microsoft's wholly owned affiliate, Microsoft Licensing GP, one of the pioneers in the field of computerized stock trading, joined the Bankruptcy Court case against Madoff, but declined to discuss its claims against the swindler.