Madoff ‘Ponzi scheme’ case to get its day in Irish court

1st December, 2014

A major legal dispute related to jailed fraudster Bernie Madoff is set to hit Irish courts tomorrow, as a British Virgin Islands fund seeks to enter a commercial court case against HSBC arising from the massive Ponzi scheme run by Madoff.

The fund, Defender Limited, is seeking to have summary judgment proceedings entered against HSBC Institutional Trust Service (Ireland), having already started legal proceedings to sue the company for more than $600 million last year.

The...

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