The trustee representing investors cheated by Bernie Madoff sued Swiss bank UBS (UBS) for $2 billion.
The suit alleges that UBS collaborated with Madoff’s Ponzi scheme, The Associated Press reported. The suit alleges 23 counts of financial fraud and misconduct by UBS and related entities and individuals and seeks to recover $2 billion for Madoff’s victims.
UBS assisted the Ponzi scheme, the…
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Madoff Trustee Sues UBS for $2 Billion originally appeared on DailyFinance on Wed, 24 Nov 2010 09:04:00.
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