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Bahamas-Based Fund Connected To Madoff Ponzi Scheme

Bernard Madoff

A group of investors who have sued in the US courts over losses allegedly caused by the collapse of Bernard Madoff’s investment firms have obtained permission from the High Court to take evidence from an Irish bank employee.

The investors sought permission to have evidence taken from David Nolan for proceedings brought over alleged negligent operation and management of Optimal Strategic US Equity Ltd Fund, which is based in the Bahamas.

Posted in Business

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