2009-01-15 — thedailybeast.com
A small group of lucky Massachusetts investors in two now-defunct and worthless Bear Stearns hedge funds received an unexpected Christmas windfall: the return of 100 percent of their original investment in the billion-dollar funds.
...
William F. Galvin, the Massachusetts secretary of state, orchestrated the November settlement, which all sides agreed to keep confidential. But word of the deal has spread like wildfire and sparked a furor among the hundreds of other investors in the Bear Stearns hedge funds who were not fortunate enough to live in Massachusetts. Some lost all of their investment in the two funds, and many others received only a small portion of their money back.
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