Max Cap Says ‘No Known Exposure’ to Madoff Funds
The Bermuda-based Max Capital Group has issued a bulletin indicating that it “has no known exposure to funds managed by Bernard L. Madoff Investment Securities LLC.”
So far the exposures to the Madoff firm’s alleged fraud – estimated to run as high as $50 billion – have been confined to banks, hedge funds and private investors.
Source: Max Capital Group – www.maxcapgroup.com
Popular Today
- Class Action Settlements Flooded With Fraudulent Claims by Scammers
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance
- Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court
- Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers