Madoff frontman Merkin gets hit with a lawsuit by New York State

Tuesday, April 07, 2009

At this point everyone has heard of disgraced financier Bernie Madoff, but the name J. Ezra Merkin may still be unknown. That is about to change. In a lawsuit filed Monday by New York Attorney General Andrew Cuomo, it is alleged that Mr. Merkin convinced his clients to invest with him and then funneled all their money into Madoff's scheme. Mr. Merkin's private clients lost over $2 billion in the collapse of Madoff's Ponzi scheme and most did not realize they had ever invested with him. New York Times reporter Diana Henriques is covering the story and she joins us now with the details on these new "feeder fund" lawsuits.

For more, read Diana B. Henriques' article, Cuomo Sues Over Madoff Investments in today's New York Times.


Diana Henriques

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.