Tuesday, January 6, 2009
Madoff investors may have to return profits
In the recent ruling of the Bayou Group, those who cashed out with their interest two years of the collapse of the hedge fund were forced to had back their principle as well as their interest received. This is enough evidence to prove that they saw something wrong with the hedge fund. This could provide a road map for recovering investments in the Madoff hedge fund. Those who invested may have to return their interest, as well as the principal originally invested in the business. For more on the story, read the article here at Newsweek.