Firm rejects Madoff charges by regulator

By
April 30, 2009 03:05

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

A Connecticut firm that acted as a feeder fund for Bernard Madoff's fraudulent investment scheme rejected allegations Wednesday by Massachusetts' top securities regulator that it misrepresented its lack of knowledge about Madoff's operations. Secretary of State William Galvin accused Fairfield Greenwich Group of civil fraud charges, saying officials were coached by Madoff on how to answer federal investigators' questions and misrepresented how much they knew. The firm, in papers filed Wednesday, said any allegations that Fairfield Greenwich officials took instructions from Madoff and tailored answers to the SEC are "demonstrably false." The company said it regularly improved its diligence and risk monitoring abilities to keep pace with evolving industry standards.

Related Content

U.S. President Donald Trump receives a football from Russian President Vladimir Putin
July 20, 2018
Trump invites Putin to Washington despite U.S. uproar over Helsinki summit

By REUTERS