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Bernie Madoff’s Investors Entitled To Funds

Bernie Madoff‘s investors cannot be forced to return withdrawals from his largest hedge fund that led to its insolvency.

Good Timing Worked Out Best Here for Bernie Madoff’s Investors

A test case in the British Virgin Islands determined that investment bank, Julius Baer, and other defendants did not need to return money withdrawn six years prior to Madoff’s confession to fraud in December 2009.

Sentry and several other funds invested $7 billion with Bernie Madoff between 1995 and 2008, making them the largest group of victims in Madoff’s scheme.