{"id":10984,"date":"2009-07-08T00:00:00","date_gmt":"2009-07-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"madoff-trustee-seeks-1-billion-from-cayman-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/madoff-trustee-seeks-1-billion-from-cayman-hedge-fund.html","title":{"rendered":"Madoff trustee seeks $1 billion from Cayman hedge fund"},"content":{"rendered":"<p>Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&rsquo;s investment-advisory business has asked a judge for a default ruling against Harley International Ltd, arguing that the Cayman Islands hedge fund failed to respond to a lawsuit accusing it of taking $1.07 billion in fake profit from Madoff&rsquo;s firm. <\/p>\n<p>If trustee Irving Picard&rsquo;s July 2 request is granted, the hedge fund, run by Cayman Island-based Euro-Dutch Management Ltd, would be ordered to return money it allegedly withdrew during the six-year period before New York-based Bernard L Madoff Investment Securities LLC collapsed in a $65 billion fraud. Harley is being liquidated in a Cayman Islands court. <\/p>\n<p><a href=\"http:\/\/www.caribbeannetnews.com\/news-17537--30-30--.html?FORM=ZZNR10\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caribbean Net News &#8211; The trustee liquidating Bernard Madoff&rsquo;s investment-advisory business has asked a judge for a default ruling against Harley International Ltd, arguing that the Cayman Islands hedge fund failed to respond to a lawsuit accusing it of taking [&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":[963,4439,3240,5887,5361,13943,13866,11148,10637,7726,13863,13865,6498,11183,3106,4819],"class_list":["post-10984","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-appointment","tag-assets","tag-attorneys","tag-bankruptcy-case","tag-bankruptcy-protection","tag-chronicle-herald","tag-dual-role","tag-hedge-fund","tag-horse-track","tag-lenders","tag-magna-entertainment","tag-offshore-partners","tag-parent-company","tag-rsquo","tag-ties","tag-trustee"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10984","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=10984"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10984\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}