Madoff UK Fund Files Ch. 15 To Recover Assets

Law360, New York (April 14, 2009, 12:00 AM EDT) -- Using the action primarily as a means for recovering assets allegedly transferred to the brother of admitted Ponzi schemer Bernard L. Madoff, liquidators for London-based Madoff Securities International Ltd. have filed a case under Chapter 15 of the Bankruptcy Code in a Florida court.

On Tuesday, Stephen John Akers, Mark Richard Byers and Andrew Laurence Hosking of accounting firm Grant Thornton UK LLP filed the bankruptcy case, as well as an adversary proceeding against Peter B. Madoff, in the U.S. Bankruptcy Court for the Southern District...
To view the full article, register now.