April 1, 2023

Judge denies Madoff trustee recovery of foreign transfers

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By Mark Hamblett, New York Law Journal Transfers made abroad between a foreign transferor and a foreign transferee cannot be recovered by the trustee administering the estate of Bernard L. Madoff Investment Securities, a federal judge has ruled. Dealing a win to foreign banks and investment service providers, Southern District Judge Jed Rakoff (See Profile) […]