Bernie Madoff liquidator pursuing local firms

Fri, Nov 19th 2010, 07:00 AM

The court-appointed liquidator charged with recovering assets related to Bernie Madoff's Ponzi scheme, told The Nassau Guardian yesterday that they are investigating a Bahamas-based bank that may have had knowledge of Bernie Madoff's fraud that eventually robbed his clients of billions and billions of dollars. Kenneth Krys, CEO and founder of Krys and Associates Cayman Limited and liquidator for British Virgin Island's-based feeder fund, Fairfield Greenwich Sentry, said that some Bahamas-based institutions are "quite" intricately involved with Madoff's ponzi scheme. The scheme, which landed Madoff in federal prison in the U.S. to serve a life sentence , has come t ...

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