Zwerling, Schachter & Zwerling, LLP - New York Law Firm Zwerling, Schachter & Zwerling, LLP Investigating “Feeder Funds” in Madoff Fraud Case

NEW YORK – The New York law close of Zwerling, Schachter & Zwerling, LLP, has been retained by audience that accept asked the close to investigate alleged “feeder funds” that helped bear billions of dollars to investment adviser Bernard L. Madoff afore the contempo collapse of his investment businesses.

Reports announce Madoff has accepted to operating what amounted to a $50 billion Ponzi scheme.

Feeder funds, such as the Fairfield Sentry Fund, allotment of the Fairfield Greenwich Group, provided a alleyway for individuals to bear their money to Madoff. Fairfield Sentry reportedly had all of its $7.3 billion in assets with Madoff. Overall, Fairfield Greenwich had added than $14.1 billion in assets beneath administration afore Madoff’s business collapsed.

In accession to Fairfield, the close believes there could accept been dozens of added entities in the United States and across acting as Madoff agriculturalist funds and accession huge fees for their efforts.

“The catechism will be whether the Fairfield Sentry Fund and others like it basically functioned as enablers, and fabricated a accumulation by creating an ambiance area Madoff was able to do what he did,” says Jeffrey Zwerling, a founding accomplice of Zwerling, Schachter & Zwerling.

Mr. Zwerling and his close represent investment partnerships, individuals and companies that absent cogent amounts of money in Madoff’s scheme. The close will be demography a abutting attending at third parties, such as Fairfield Greenwich and others that may accept played a role in the scheme.

“We’re traveling to be actual absorbed in agriculturalist funds that fabricated money by bringing Madoff the victims” says Robert S. Schachter a chief accomplice of the firm. “We accept been contacted by victims in Mexico, Argentina, Austria, Spain, Switzerland and Ireland that delivered cogent funds to Madoff through what we accept to be agriculturalist funds in those countries.”

Zwerling, Schachter & Zwerling, LLP, currently is investigating the adapted acknowledged approaches accessible to its audience from close offices in New York City, Garden City, N.Y., and Seattle. The analysis and any action that ensues will be undertaken on a accidental fee basis, acceptation the firm’s audience will pay no acknowledged fees unless there is a banking recovery. The close currently plays a arch role in abundant above balance cases and circuitous bartering action affairs awaiting in federal and accompaniment courts above the nation. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation.

For added advice or to allege with Jeffrey Zwerling or Robert S. Schachter about the Madoff matter, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com.