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Fairfield receives settlement on Madoff

A Stamford Superior Court judge entered a $2.88 million judgment March 15 in favor of the town of Fairfield against an investment firm that had placed the town’s retirement funds with Bernard Madoff. The judgment was against Maxam Capital Management, a Darien investment adviser that had sold the town’s two retirements plan an investment with Madoff in 2007. More in the Fairfield Sun here.

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