Key facts Primeo was a Madoff feeder fund that invested with BLMIS – Bernie Madoff’s investment advisory and trading business that was central to the Madoff Ponzi scheme. Primeo incurred huge losses and sued its custodian (HSBC) and administrator (Bank of Bermuda) for breach of duty. The Court found that there were breaches of duty […]

The Big Four accounting firms are so bad at catching fraud that they couldn’t even catch a cold, with incentives in the industry totally screwed up. That’s the view of the of the whistleblower who uncovered the $65 billion Madoff Ponzi scheme and he thinks fraud is endemic in the insurance industry as well. Harry […]