Bernard Madoff’s London operation acted as a “warehouse” for “stolen money” as he “abused” the company “as a cover for his Ponzi scheme”, the High Court has been told in a case that will shed further light on the fraudster responsible for the largest Ponzi scheme in history. The liquidators of Madoff Securities International (MSI) are suing MSI’s former London directors including Stephen Raven, the former chief executive, and Madoff’s son Andrew in an attempt to recover about £33m. More on FT.com here.
