We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

NY Firm To Probe Austrian Banks' Madoff Dealings

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.