{"id":11824,"date":"2009-09-11T05:19:53","date_gmt":"2009-09-11T09:19:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11824"},"modified":"2009-09-11T05:19:53","modified_gmt":"2009-09-11T09:19:53","slug":"hedge-fund-settles-madoff-suit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/hedge-fund-settles-madoff-suit.html","title":{"rendered":"Hedge Fund Settles Madoff Suit"},"content":{"rendered":"<p>News Inferno &#8211; One hedge fund has agreed to reimburse its investors who were swindled in the historic Ponzi scheme orchestrated by the disgraced, now jailed, financier, Bernard Madoff. The hedge fund\u2014Fairfield Greenwich Advisors\u2014apparently moved money to Madoff, said Boston.com, and will now reimburse its Massachusetts investors for some $8 million to cover losses. The agreement was reached Wednesday with Secretary of State William F. Galvin, said Boston.com,<\/p>\n<p>Galvin, said Fairfield Greenwich, did not conduct the \u201crigorous\u201d due diligence of Madoff it told its investors in Massachusetts it had, reported Boston.com. Galvin hopes that this agreement \u201cwill become a template for other resolutions\u2019\u2019 in the massive Ponzi scandal, quoted Boston.com.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.newsinferno.com\/archives\/12248\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News Inferno &#8211; One hedge fund has agreed to reimburse its investors who were swindled in the historic Ponzi scheme orchestrated by the disgraced, now jailed, financier, Bernard Madoff. The hedge fund\u2014Fairfield Greenwich Advisors\u2014apparently moved money to Madoff, said Boston.com, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5184,11148,4504,4248],"class_list":["post-11824","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-due-diligence","tag-hedge-fund","tag-investors","tag-ponzi-scheme"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11824","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11824"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11824\/revisions"}],"predecessor-version":[{"id":11826,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11824\/revisions\/11826"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}