MADOFF 2

J.EZRA MERKIN, A HEDGE FUND MANAGER TO PAY $410 M IN MADOFF SETTLEMENT.

J.EZRA MERKIN, A HEDGE FUND MANAGER WHO LOST MORE THAN A $1 BILLION OF HIS INVESTORS’ MONEY TO PONZI SCHEMER BERNARD MADOFF AGREED TO PAY $405 MILLION TO COMPENSATE INVESTORS AND ANOTHER $5 MILLION TO THE STATE OF NEW YORK TO COVER FEES AND COST.

SOURCE : CNN – CNNMONEY – OFFICE OF ATTORNEY GENERAL ERIC SCHNEIDERMAN.