2010年11月25日星期四

UBS sued to "help" Madoff profit $ 80,000,000 fraud

Madoff liquidation of the principal assets of fraud on Wednesday submitted to the U.S. Bankruptcy Court in Manhattan, the indictment charges, including UBS (UBS), including companies and individuals from Madoff benefit fraud, and demanded compensation for the victims at least 20 billion.
Owen Pickard UBS clients accused of committing 23 crimes of financial fraud and misconduct. He said that UBS helped Madoff Investment Company established a number of international high-risk feeder funds, and served as donors of these funds and managers. UBS will fund over the 10 billion in client investment funds controlled by Madoff, but did not fulfill their responsibilities as a regulator.
He said that UBS from Madoff "Ponzi scheme" to get at least $ 80,000,000 in commissions.
UBS spokesman Kelly Smith was declared, Pickard's allegations "unfounded and lack of legal support." UBS will take appropriate measures to prove that all the allegations are not true.
Madoff is the former chairman of the Nasdaq, he was set, "Ponzi" fraud investors nearly 650 billion U.S. dollars, last June to 11 counts of imprisonment for 150 years.

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