{"id":10032,"date":"2009-03-05T00:00:00","date_gmt":"2009-03-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"former-merrill-execs-invested-in-madoff-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/former-merrill-execs-invested-in-madoff-funds.html","title":{"rendered":"Former Merrill execs invested in Madoff funds"},"content":{"rendered":"<p>Reuters &#8211; Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.       <\/p>\n<p>Former chief executives Daniel Tully and David Komansky and former investment-banking chief Barry Friedberg personally invested in the funds, set up by former Merrill brokerage chief John Steffens, the paper said, citing people familiar with the matter.<\/p>\n<p>Bernard L. Madoff Investment Securities LLC collapsed after the 70-year-old Wall Street trader was arrested and charged on December 11 last year with securities fraud.<\/p>\n<p>Madoff, a former chairman of the Nasdaq stock market, is under house arrest and 24-hour surveillance in his luxury Manhattan penthouse apartment as criminal and civil investigators probe his global operations that purportedly lost $50 billion.<\/p>\n<p>The firm comprised a brokerage and an investment division that Madoff ran separately in the same New York building.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/topNews\/idUSTRE52414820090305\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8576,3832,8571,8574,8575,8577,5600,8573,1718,4206,8570,8569,418,158,8572,4326,6265,8224,2750],"class_list":["post-10032","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-chief-john","tag-chief-executives","tag-daniel-tully","tag-david-komansky","tag-fraudster","tag-global-operations","tag-house-arrest","tag-investment-division","tag-investment-banking","tag-investment-securities","tag-john-steffens","tag-manhattan-penthouse","tag-merrill-lynch","tag-nasdaq-stock-market","tag-penthouse-apartment","tag-reuters","tag-securities-fraud","tag-wall-street-trader","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10032"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10032\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}