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for $ 9 billion, accusing it of aiding the Madoff fraud “through the creation, marketing and support of an international network of a dozen feeder funds." The feeder funds named included
Genevalor, Benbassat & Cie, which said: “it strongly denies any allegation that it had prior knowledge of the
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set up by Thema Asset
Management, a British Virgin Islands-based company 55 per cent owned by Genevalor, and invested almost $ 2 billion with Madoff. Thema International paid fees of 1.25 per cent ($ 13.75m a year) to Genevalor Benbasset & Cie.
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to Mario
Benbassat, founder of Genevalor Benbassat & Cie, and his two sons in New York, as a possible source of new funds for Madoff. Genevalor set up five European feeder funds, including $ 1.1bn Irish fund
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In
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September 2017, Thema agreed to pay $ 687 million to victims of the Madoff fraud to resolve a lawsuit by Picard.
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reported in
December 2008 that the company was said to be a key player distributing Madoff investments in the
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fraud committed by Madoff. This unfounded action causes a significant harm to the investors and to itself.”
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440:"Plainte à 9 milliards contre le réseau Madoff formé par HSBC et des sociétés genevoises"
345:"Dublin-registered Thema part of complaint filed to recoup $ 9bn received under Madoff"
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106:. The firm set up five European feeder funds that invested almost $ 2 billion into
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Good
Intentions Corrupted: The Oil for Food Scandal and the Threat to the UN
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217:"Trustee Reaches $ 687M Settlement with Feeder Fund in Madoff Scam"
476:"Irish fund Thema International to pay $ 687m to Madoff victims"
458:"Mayer Brown defends five Lloyd's syndicates from Madoff action"
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196:"Genevalor, Benbassat & Cie. - Asset Manager, Switzerland"
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404:"In Geneva, Spotlight Casts an Unwelcome Glare on Banks"
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Meyer, Jeffrey; Califano, Mark; Volcker, Paul (2006).
280:. HedgeWorld Limited. 2004 – via Google Books.
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425:"HSBC fights Madoff claim; new settlement reached"
176:List of investors in Bernard L. Madoff Securities
521:Financial services companies established in 1983
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516:Investment management companies of Switzerland
438:Sallier, Pierre-Alexandre (December 7, 2010).
385:"Madoff looking for new money as scandal hit"
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293:"A la chasse aux millions de Bernard Madoff"
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231:"List of Investors Hit by Madoff Meltdown"
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362:Allan Dodds Frank (February 20, 2011).
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291:Ruche, Sébastien (September 11, 2017).
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122:Genevalor was founded in 1983. In 1992
402:Forelle, Charles (December 17, 2008).
364:"Sonja Kohn, Bernie Madoff's Bag Lady"
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163:syndicates under an insurance policy.
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531:Swiss companies established in 1983
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343:Keena, Colm (December 10, 2010).
316:Bernie Madoff, the Wizard of Lies
16:Swiss financial services company
219:. Bloomberg. September 7, 2017.
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96:Genevalor Benbassat & Cie
20:Genevalor Benbassat & Cie
427:. Reuters. December 6, 2010.
313:Henriques, Diana B. (2011).
277:HedgeWorld Annual Compendium
40:; 41 years ago
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536:Madoff investment scandal
526:Companies based in Geneva
329:– via Google Books.
319:. Oneworld Publications.
264:– via Google Books.
142:Madoff investment scandal
133:Thema International Fund
408:The Wall Street Journal
138:The Wall Street Journal
482:. September 7, 2017.
464:. February 11, 2014.
200:www.swfinstitute.org
104:Geneva, Switzerland
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254:. PublicAffairs.
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85:.genevalor
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368:Newsweek
297:Le Temps
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170:See also
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118:History
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