How to Get Money Back from Bernie Madoff: Sue Tremont, Others

Tech Ticker reports:

The more we learn about the Bernie Madoff affair, the more clear it becomes that many extremely well-compensated advisers and firms who steered money to Madoff failed their clients by not examining his returns and strategy more carefully. Specifically, firms such as Tremont, Fairfield Greenwich, Banco Santander and others that exist solely to evaluate and select third-party fund managers like Madoff apparently took way too much on faith.

Madoff himself has presumably been wiped out, so investors looking to recoup losses probably won't get much there. The funds-of-funds and other firms that sent client money to Madoff, however, are a different story. These firms are still in business, and, in most cases, Madoff was just one of many third-party managers they used. So there are likely plenty of assets remaining for lawyers and victims to go after.

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