Massachusetts authorities filed a complaint today against Fairfield Greenwich Group, a New York hedge fund, seeking restitution for those investors who lost money in the Bernard L. Madoff Investment Securities LLC Ponzi scheme fraud. Fairfield Greenwhich reportedly invested nearly half of its $14 billion portfolio with Madoff and reaped handsome fees in the process. A Connecticut judge ordered the firm's assets frozen just two days earlier in a case that was brought by the Town of Fairfield, Connecticut, seeking restitution for the $42 million in pension funds it had invested with the firm that was handled by Madoff.Meahwhile, US Marshalls siezed Madoff's nearly $10 million home in Palm Beach, Florida along with two of his luxury boats.
Read the story here.
Read the complaint here in 2 parts, plus exhibits.
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