{"id":27397,"date":"2012-02-14T05:59:59","date_gmt":"2012-02-14T10:59:59","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=27397"},"modified":"2012-02-14T06:03:56","modified_gmt":"2012-02-14T11:03:56","slug":"koch-industries-sued-for-21-5-million-in-madoff-hedge-fund-fraud-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2012\/koch-industries-sued-for-21-5-million-in-madoff-hedge-fund-fraud-case.html","title":{"rendered":"Koch Industries Sued For $21.5 Million In Madoff Hedge Fund Fraud Case"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Koch-Bros.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-27398\" title=\"Koch-Bros\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Koch-Bros-300x163.jpg\" alt=\"\" width=\"300\" height=\"163\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Koch-Bros-300x163.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/02\/Koch-Bros.jpg 680w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; Koch Industries is being sued in relation to the biggest Ponzi scheme in U.S. history. The hedge fund fraud that Bernie Madoff pulled off\u00a0received\u00a0money from a Koch\u00a0feeder\u00a0fund, according to\u00a0Irving Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC.<\/p>\n<p>The company run by billionaire brothers Charles and David Koch, is being sued for $21.5 million,\u00a0according to the complaint filed Feb. 9 in U.S. Bankruptcy Court in Manhattan. Madoff is currently serving 150 years in federal prison.<\/p>\n<p>\u201cThe Koch entity involved made an investment in an entirely separate fund,\u201d Melissa Cohlmia, a spokeswoman for Koch Industries\u00a0said in an e-mail, according to Bloomberg. \u201cThat Koch entity no longer exists and its investment was redeemed in 2005, long before anyone knew of Madoff&#8217;s fraud.\u201d<\/p>\n<p>The case is Picard v. Koch Industries Inc., 12-01047, U.S. Bankruptcy Court, NY.<\/p>\n<p>Alex Akesson <br \/>Editor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Koch Industries is being sued in relation to the biggest Ponzi scheme in U.S. history. The hedge fund fraud that Bernie Madoff pulled off\u00a0received\u00a0money from a Koch\u00a0feeder\u00a0fund, according to\u00a0Irving Picard, the Trustee for the liquidation of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,11,3],"tags":[],"class_list":["post-27397","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27397","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=27397"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27397\/revisions"}],"predecessor-version":[{"id":27401,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/27397\/revisions\/27401"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=27397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=27397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=27397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}