Fairfield Greenwich Group

A recent decision in the U.S. District Court raises the stakes for "feeder funds" who invested with Bernie Madoff. The judge wove through a "virtual minefield of lawyerly defenses" by Fairfield to get this pesky case dismissed without a trial.

The trustee in charge of overseeing the firm once run by convicted Ponzi scheme operator Bernard Madoff has sued 43 new affiliates of Fairfield Greenwich Group and its founding partners, alleging they enriched themselves in the fraud. An amended complaint, filed late Tuesday by court-appointed...

Last week, we reported that Bernie Madoff once bragged that he was in the running to become head of the Securities and Exchange Commission. While future historians may argue about whether the disgraced financier and Ponzi schemer would have used his ill-gotten expertise to increase the SEC's...