Madoff Victims Sue PWC Over Feeder Audits
Victims of fraudster Bernard Madoff are suing PricewaterhouseCoopers over its audit of feeder funds. Feeder the funds were used extensively by the convicted fraudster to help pull off his $65bn (£45bn) scam.
The Canadian branch of PwC is being sued for up to £2bn in damages in seven law suits by investors of Fairfield Sentry, an investment fund which funneled money into Madoff’s Ponzi scheme, The Daily Telegraph reports.
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Victims of fraudster Bernard Madoff are suing PricewaterhouseCoopers over its audit of feeder funds. Feeder the funds were used extensively by the convicted fraudster to help pull off his $65bn (£45bn) scam.
The Canadian branch of PwC is being sued for up to £2bn in damages in seven law suits by investors of Fairfield Sentry, an investment fund which funneled money into Madoff’s Ponzi scheme, The Daily Telegraph reports.
