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Hedge Fund Faces Charges Connected to Madoff Ponzi Fraud

HeadlineApr 07, 2009

In economic news, New York Attorney General Andrew Cuomo has brought civil fraud charges against a hedge fund manager, saying he secretly steered $2.4 billion in client money into Bernard Madoff’s Ponzi fraud. Ezra Merkin is a well-known investor and former chair of the GMAC finance company.

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