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

US fraudster Bernie Madoff. File image

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.