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April 7, 2009

Hedge Fund Faces Charges Connected to Madoff Ponzi Fraud
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In economic news, New York Attorney General Andrew Cuomo has brought
civil fraud charges against a hedge fund manager, saying he secretly
steered $2.4 billion in client money into Bernard Madoff’s Ponzi fraud.
Ezra Merkin is a well-known investor and former chair of the GMAC
finance company.



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