Madoff Trustee Sues HSBC for $9 Billion
By:
DailyFinance.com
Posted on December 06, 2010 at 05:36 AM EST
Irving Picard, the trustee seeking money for victims of the Bernie Madoff scam, is suing HSBC Holdings ( HBC ) and feeder funds for at least $9 billion. Picard said that HSBC and a network of funds in Europe, the Caribbean and Central America sent Madoff more than $8.9 billion in business while ignoring indications that he was engaged in fraud, The Wall Street Journal reported. "Had HSBC and the... Continue reading Madoff Trustee Sues HSBC for $9 Billion Madoff Trustee Sues HSBC for $9 Billion originally appeared on DailyFinance on Mon, 06 Dec 2010 05:36:00. Filed Under: Company News , People , Investing Permalink | Tweet this! | Comments
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