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Madoff and private foundations: should the IRS follow the actions by the U.S. Department of Labor in pursuing fiduciaries?

• Fox Rothschild LLP
• -
• USA
• -
• October 22 2010

On October 21, 2010 Andrew M. Harris reported on Bloomberg.com that the U.S. Department of Labor has sued four investment firms for allegedly failing to examine Madoff’s business practices before entrusting him with hundreds of millions of dollars in pension funds