Banco Santander Returns $235 million for Madoff victims

May 27th, 2009
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Optimal Investment Services, a Geneva-based subsidiary of Banco Santander, has agreed to return $235 million in funds that it withdrew from its Maddoff accounts just before the ponzi scheme came crumbling down. According to the Associated Press, the $235 million brings the court-appointed trustee’s pool of assets for victims to more than $1.2 billion.
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Madoff Investments LLC
Related People: Bernard Madoff
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

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