A judge on Tuesday extended an order barring well-known hedge fund founder Ezra Merkin from withdrawing or liquidating millions of dollars in his funds, which invested with accused swindler Bernard Madoff.
One has to enjoy the swath of asset freezings that have followed the Made-off scandal. When you are reduced, for example, to mailing $1 million in jewelry and other personal effects (mittens!) then you just know the sting is painful.
This, combined with the current rumor that there is something like $850 million in assets floating around for the victims of Made-off makes for wonderful third row viewing. Pass the popcorn!
N.Y.judge restrains Merkin funds in Madoff lawsuit [The Guardian]