Massachusetts Charges Feeder Fund in Madoff Fraud

Massachusetts regulators on Apr. 1 charged a fund that funneled $7 billion to Bernard Madoff with fraud, saying that Madoff, who has pleaded guilty to running a massive Ponzi scheme, coached top officers at the feeder firm on how to head off scrutiny from the Securities & Exchange Commission in 2005.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.