UBS in $US2bn Madoff fraud lawsuit

AFP The trustee charged with recapturing assets for victims of Wall Street scammer Bernard Madoff said he had filed suit against Swiss bank UBS, seeking $US2 billion ($A2.06 billion) for its part in the massive fraud. “Madoff did not act alone in perpetrating the largest financial fraud in history,” government-appointed…

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UBS in $US2bn Madoff fraud lawsuit

AFP The trustee charged with recapturing assets for victims of Wall Street scammer Bernard Madoff said he had filed suit against Swiss bank UBS, seeking $US2 billion ($A2.06 billion) for its part in the massive fraud. “Madoff did not act alone in perpetrating the largest financial fraud in history,” government-appointed…

read more