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Robbins Geller Rudman & Dowd LLP Investigating "Stunning Fraud" at Bernard L. Madoff Investment Securities LLC
Robbins Geller Rudman & Dowd LLP, the largest plaintiffs securities law firm in the world, is investigating losses on behalf of large institutional and individual clients incurred due to what the SEC describes in a civil complaint as a "stunning fraud that appears to be of epic proportions." The FBI is also involved and a criminal complaint has been filed which alleges that Madoff Investment Securities was essentially a ponzi scheme. The losses are estimated to be $50 billion. It appears that many investors placed or had their money placed into Madoff funds. Funds investigated that placed investors' money with Madoff include funds offered by Austin Capital Management, Banco Santander, Bank Medici, HSBC, Kingate, and Tremont Group. Robbins Geller Rudman & Dowd LLP is particularly well suited to litigate cases of this magnitude, having achieved the largest recovery ever in a class action involving Enron and the largest opt-out recoveries in WorldCom and AOLTimeWarner.
If you would like to contact us concerning this potential case, please fill out the form below and click submit. If you believe you suffered losses in a Madoff fund as a result of the fraud described above please indicate that in your comments
If you have materials of interest you would like us to consider in connection with this case, please contact us at rong@rgrdlaw.com.
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