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Muck tracker - State regulator sues Madoff feeder fund

By Muckety

April 1, 2009 at 2:08pm

Massachusetts’ top securities regulator has sued Fairfield Greenwich Group, which directed billions of dollars of its clients’ money into Bernard L. Madoff’s investment firm, reports the New York Times. The complaint alleges that Fairfield’s lack of diligence and misrepresentations to investors amounted to fraud.

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