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Funds Accuse Merkin Of Funneling Assets To Madoff

By Christie Smythe (September 17, 2010, 5:27 PM EDT) -- A receiver for Ariel Fund Ltd. and Gabriel Capital LP has sued the hedge funds' former investment adviser J. Ezra Merkin, alleging he secretly funneled investors' assets to Cerberus Capital Management LP and notorious Ponzi schemer Bernard L. Madoff....

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