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Wednesday, April 1, 2009

Town Sues Madoff , family


A Connecticut town is suind Disgraced financier Bernard Madoff , his family and two investment companies after allegdly losing millions of pension dollars in Madoff's Ponzi scheme .


The lawsuit was filed Monday by the town Fairfeild and its pension board . The board invested about $ 15 million with Madoff's family and Tremont Partners and Maxam Capital Management for failing to oversee Madoff's investments .

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