Full hearing cleared relating to jailed US fraudster Bernie Madoff's Ponzi scheme

The Supreme Court has cleared the way for a full hearing of a claim concerning multi-million losses related to the Ponzi scheme run by jailed US fraudster Bernie Madoff.
Full hearing cleared relating to jailed US fraudster Bernie Madoff's Ponzi scheme
US fraudster Bernie Madoff. File image
Fri, 03 Jul, 2020 - 17:30
Ann O’Loughlin

The Supreme Court has cleared the way for a full hearing of a claim concerning multi-million losses related to the Ponzi scheme run by jailed US fraudster Bernie Madoff.

Defender Ltd, a British Virgin Islands (BVI) registered investment fund, had sued HSBC Institutional Trust Services (Ireland) Ltd (HSBCITS), of Grand Canal Square, Dublin, but the case will proceed against HSBC France on foot of a consent order made last May.

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CourtsPlace: USPlace: British Virgin IslandsPlace: Grand Canal Square, DublinPerson: Bernie MadoffPerson: Peter CharletonPerson: Donal O'DonnellPerson: MadoffPerson: Michael TwomeyPerson: O'DonnellOrganisation: Supreme CourtOrganisation: Defender LtdOrganisation: BVIOrganisation: HSBC Institutional Trust Services (Ireland) LtdOrganisation: HSBCITSOrganisation: HSBC FranceOrganisation: High CourtOrganisation: HSBCITS'Organisation: Reliance Management BVI LtdOrganisation: Reliance International Research LLCOrganisation: Madoff
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