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Home / Opinion Digests / Business Law / Court Approves Split for Madoff Fund (access required)

Court Approves Split for Madoff Fund (access required)

A limited liability company that invested with Bernie Madoff, whose Ponzi scheme was discovered in 2008, has received a settlement from the Madoff Securities’ trustee, and the Fairfax Circuit Court says the settlement should be distributed to LLC members in accordance with the LLC Operating Agreement, using the Capital Account Method to calculate members’ shares. Here, ...

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