Related News:Law · Europe .Banque Syz Sued by Madoff Trustee for $73.3 Million Over Feeder Funds

Banque Syz & Co. was sued for $73.3 million by the trustee liquidating Bernard L. Madoff’s firm.
The Swiss bank, which received the money from so-called feeder funds, “knew or should have known of numerous irregularities” about the con man’s firm because of its expertise in private banking and institutional asset management, trustee Irving Picard said in a May 20 bankruptcy court filling. Read Bloomberg report here.