{"id":9773,"date":"2009-02-02T00:00:00","date_gmt":"2009-02-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"maxam-hedge-fund-sues-auditors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/maxam-hedge-fund-sues-auditors.html","title":{"rendered":"Maxam hedge fund sues auditors"},"content":{"rendered":"<p>Reuters &#8211; Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff&#8217;s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County.<\/p>\n<p>The lawsuit, though, said the auditors issued &quot;unqualified&quot; opinions for 2006 and 2007 audits that stated Maxam&#8217;s financial statements presented its true financial position.<\/p>\n<p>Maxam was one of many funds that invested with Madoff, who in December was arrested for allegedly running a $50 billion (35.2 billion pounds) Ponzi scheme. Maxam contends the auditors were negligent when performing Maxam&#8217;s 2006 and 2007 audits.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/hedgeFundsNews\/idUSLNE51101I20090202\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff&#8217;s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County. The lawsuit, though, said the auditors issued [&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":[934,6782,6783,4594,6785,2540,19,6784,4326],"class_list":["post-9773","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-audits","tag-connecticut-superior-court","tag-darien-connecticut","tag-fairfield-county","tag-financial-position","tag-financial-statements","tag-investment-adviser","tag-maxam","tag-reuters"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9773","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=9773"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9773\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}