The whistleblower who spent almost a decade trying to expose Bernard Madoff claimed Wednesday there are still a dozen unidentified “feeder” funds in Europe which gave money to the New York broker accused of an alleged $50bn fraud. Harry Markopolos told legislators that his investigation into Madoff had identified 14 feeder funds, only two of which have been made public so far. Markopolos said he and his team planned to meet with SEC inspector general David Kotz on Thursday to turn over a list of European feeder funds “so that the French and Swiss authorities can inspect these organisations.”

This entry was posted by Gwen Robinson on Thursday, February 5th, 2009 at 5:45 and is filed under Capital markets, Hedge funds, People. Tagged with Bernard Madoff, harry markopolos. Edit this entry.