2008-12-31 — businessweek.com
The managers of the Fort Worth Employees' Retirement Fund thought they had dodged a bullet when Bernard L. Madoff was arrested on Dec. 11 for alleged fraud. Just a few months earlier the $1.7 billion public pension plan had pulled $10 million out of a hedge fund that invested exclusively with Madoff. But now the managers face the possibility of having to give back the money—a sum that includes all of the pension's purported gains over the years plus its initial investment.
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optionarmexpert at 06:24 2009-01-01 said:
It appears that a niece of Bernard Madoff owns a mortgage brokerage in Manhattan. GCS Mortgage ( www.gcsmortgage.com ) is operated by the niece of Ruth and Bernard Madoff. Is Madoff involved in this company? Permalinkadd a comment | go to forum thread
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