Maxam Fund sues auditors
Losses & Lawsuits
NEW YORK - One of the many hedge funds struck by Bernard Madoff's giant Ponzi scheme before Christmas has filed a lawsuit to recover its losses. Maxam Absolute Return Fund lost $280 million and is suing its auditors Goldstein Golub Kessler, and McGladrey & Pullen. The Connecticut-based fund relied on the external auditors to examine Madoff's enterprise and alleges that their 2006 and 2007 audits were negligent and "unqualified". Madoff's investment management empire turned out to be a $50 billion Pyramid scheme.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Derivatives
An approximate solution for options market-making
An algorithm for the market-making of options on different underlyings is proposed
Receive this by email