Bermuda Gazette – Bermuda-based Kingate Management Ltd had just three employees purportedly running an operation that fed $1.7 billion to con man Bernard Madoff’s company in New York and racked up hundreds of millions of dollars in fees.
More light has been shed on Kingate’s activities on the Island and its role in the biggest Ponzi scheme in history in court documents filed in the US Bankruptcy Court for the Southern District of New York last month.
