Wednesday, March 7, 2012

Madoff trustee sues HSBC for $9B in NY court

NEW YORK (AP) — The court-appointed New York-based trustee trying to recover losses for victims of Bernard Madoff has accused HSBC of fueling the disgraced financier's massive fraud.

Trustee Irving Picard announced a lawsuit against the British-based bank on Sunday that seeks $9 billion in illicit earnings and damages.

The lawsuit was filed in the U.S. Bankruptcy Court for the Southern …

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