October 28, 2021

Cayman Islands-based Bernie Madoff feeder fund author of own demise

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By Kirsten Hastings From International Adviser After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of its own misfortune”, a judge has ruled. The Grand Court of the Cayman Islands delivered […]