{"id":15835,"date":"2010-05-25T07:19:11","date_gmt":"2010-05-25T11:19:11","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=15835"},"modified":"2010-05-25T07:19:11","modified_gmt":"2010-05-25T11:19:11","slug":"banks-pay-overseas-madoff-investors-15-5-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2010\/banks-pay-overseas-madoff-investors-15-5-billion.html","title":{"rendered":"Banks Pay Overseas Madoff Investors $15.5 Billion"},"content":{"rendered":"<p>NYT &#8211; About 720,000 investors outside the United States who lost money to  the convicted swindler Bernard  L. Madoff have settled with their banks, receiving about $15.5  billion in all, according to law firms representing those victims of the  fraud, Raphael Minder and Diana B. Henriques of The New York Times report.<\/p>\n<p>The settlements cover about 80 percent of the clients represented by  the firms, said Javier Cremades, founder of Cremades &amp;  Calvo-Sotelo, a Madrid law firm, who helped organize the global  alliance of 60 firms a year ago. The $15.5 billion figure represents,  in theory, 100 percent of the amount clients had invested in Mr.  Madoff\u2019s Ponzi scheme, Mr. Cremades said, but excludes in almost all  cases the bogus paper gains that were listed on investor statements.<\/p>\n<p><a href=\"http:\/\/dealbook.blogs.nytimes.com\/2010\/05\/24\/overseas-madoff-victims-get-15-5-billion-from-banks\/?src=busln\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYT &#8211; About 720,000 investors outside the United States who lost money to the convicted swindler Bernard L. Madoff have settled with their banks, receiving about $15.5 billion in all, according to law firms representing those victims of the fraud, [&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-15835","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15835","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=15835"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15835\/revisions"}],"predecessor-version":[{"id":15837,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/15835\/revisions\/15837"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=15835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=15835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=15835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}