Money manager Merkin discussed Madoff with regulators: report
Money manager J. Ezra Merkin has provided regulators with information as they investigate the $65 billion Ponzi fraud perpetrated by Bernard Madoff, a New York judge said ruling released on Wednesday.
“Merkin’s deposition testimony reveals the steps taken by regulatory agencies with respect to the investigation,” State Supreme Court Justice Richard Lowe wrote in a decision dated yesterday and filed with the court today, according to Bloomberg. “Specifically, Merkin provides information regarding his participation in the investigation.”
He said Merkin the deposition Merkin made in a civil lawsuit initiated by New York University can be disclosed, noting it would not affect the progress of current investigations of Madoff.
© Copyright IBTimes 2024. All rights reserved.