Madoff Trustee Sues UBS

The trustee liquidating Bernard Madoff’s firm sued UBS and various other entities for allegedly profiting from the massive Ponzi scheme, according to a court filing. The lawsuit, filed early on Wednesday in a Manhattan bankruptcy court, claims that UBS and another defendant Access International Advisors LLC extended the Ponzi scheme to European investors and were liable for at least $2 billion for their roles in masking the fraud. – Reuters

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