NY Firm To Probe Austrian Banks' Madoff Dealings

Law360, New York (January 21, 2009, 12:00 AM EST) -- As the scope of disgraced fund manager Bernard L. Madoff's alleged $50 billion Ponzi scheme emerges, a New York law firm has launched an investigation into whether two major Austrian banks used funds to fraudulently funnel billions of dollars into the scheme.

Working internationally with nearly a dozen individuals, partnerships and companies whose funds with Bank Austria and Bank Medici may have been improperly channeled to Madoff's firm, New York-based Zwerling Schachter & Zwerling LLP is investigating the appropriate legal approaches and remedies that may be...
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