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StanChart Madoff lawsuit UAE

Dubai investors sue StanChart in S’pore over Madoff feeder fund

The investors, who had accounts with AEB in Singapore, invested a large portion of their funds in Fairfield Sentry, which in turn parked up to 95 percent of its money with Madoff. Madoff is now serving a 150-year jail sentence for defrauding investors through a Ponzi scheme.

July 5, 2011 3:36