{"id":15713,"date":"2010-05-18T05:32:20","date_gmt":"2010-05-18T09:32:20","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=15713"},"modified":"2010-05-18T05:32:20","modified_gmt":"2010-05-18T09:32:20","slug":"merkin-investor-awarded-1-8-million-in-madoff-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2010\/merkin-investor-awarded-1-8-million-in-madoff-case.html","title":{"rendered":"Merkin Investor Awarded $1.8 Million in Madoff Case"},"content":{"rendered":"<p>Bloomberg &#8211; An investor in J. Ezra Merkin\u2019s  Ascot Partners LP, a feeder fund for Ponzi schemer Bernard Madoff, was awarded $1.75 million by arbitrators who found Merkin intentionally breached his fiduciary duty by not disclosing Madoff\u2019s role in the fund, according to a court filing.<\/p>\n<p>Merkin also was negligent in performing due diligence on Madoff, a majority of an arbitration panel found, according to a petition filed today in New York state court. Investor Noel Wiederhorn, who put $1.46 million into Ascot Partners in 2003 and 2004, is seeking a judgment confirming the award, which was for the amount he invested plus interest.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=aIWpH9oRNuc4\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; An investor in J. Ezra Merkin\u2019s Ascot Partners LP, a feeder fund for Ponzi schemer Bernard Madoff, was awarded $1.75 million by arbitrators who found Merkin intentionally breached his fiduciary duty by not disclosing Madoff\u2019s role in the [&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":[],"class_list":["post-15713","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15713","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=15713"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15713\/revisions"}],"predecessor-version":[{"id":15715,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15713\/revisions\/15715"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=15713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=15713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=15713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}