Illarramendi Scheme Investors Net Deal To Duck Clawback Suits

By Brian Mahoney (August 15, 2012, 7:03 PM EDT) -- Three investment firms that invested over $117 million in a feeder fund tied to Francisco Illarramendi's Ponzi scheme agreed Tuesday to drop their bid to join the government's suit over the fraud, in exchange for immunity from receiver clawback suits and payments from a $200 million settlement fund....

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