Madoff Feeder Fund Manager Can't Shake $1.8M Judgment

Law360, New York (May 3, 2012, 4:46 PM EDT) -- A New York state appeals court on Thursday rejected hedge fund manager J. Ezra Merkin's bid to reverse a $1.76 million arbitration award over claims he funneled an elderly investor's retirement funds into Bernard L. Madoff's Ponzi scheme.

A panel for a New York state appeals court unanimously backed a lower court’s January 2011 order affirming the $1.5 million award, plus interest, for New Jersey pediatrician Noel M. Wiederhorn. He invested in Merkin’s Ascot Partners LP, which was later revealed to be a feeder fund for...
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