Английская Википедия:Genevalor Benbassat & Cie
Шаблон:Short description Шаблон:Infobox company
Genevalor Benbassat & Cie is an asset manager located in Geneva, Switzerland.[1][2][3][4][5] The firm set up five European feeder funds that invested almost $2 billion into Bernie Madoff's criminal Ponzi scheme.
History
Genevalor was founded in 1983.[6] In 1992 Sonja Kohn introduced Bernie Madoff to Mario Benbassat, founder of Genevalor Benbassat & Cie, and his two sons in New York, as a possible source of new funds for Madoff.[2][7][8][9] Genevalor set up five European feeder funds, including $1.1bn Irish fund Thema International Fund 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.[7][8][10] Thema International paid fees of 1.25 per cent ($13.75m a year) to Genevalor Benbasset & Cie. [10] The Wall Street Journal reported in December 2008 that the company was said to be a key player distributing Madoff investments in the Madoff investment scandal.[11]
In December 2010, U.S. court-appointed trustee Irving Picard sued HSBC 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."[12][13] The feeder funds named included Genevalor, Benbassat & Cie, which said: “it strongly denies any allegation that it had prior knowledge of the fraud committed by Madoff. This unfounded action causes a significant harm to the investors and to itself.”[12]
In February 2014, Genevalor, Benbassat & Cie on behalf of three funds, who invested with a company owned by Madoff, sued five Lloyd's syndicates under an insurance policy.[14]
In September 2017, Thema agreed to pay $687 million to victims of the Madoff fraud to resolve a lawsuit by Picard.[15]
See also
References
External links
- ↑ Шаблон:Cite web
- ↑ 2,0 2,1 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite book
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- ↑ Шаблон:Cite web
- ↑ 7,0 7,1 Шаблон:Cite book
- ↑ 8,0 8,1 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ 10,0 10,1 Шаблон:Cite web
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- ↑ 12,0 12,1 Шаблон:Cite web
- ↑ Шаблон:Cite web
- ↑ Шаблон:Cite web
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- Financial services companies established in 1983
- Companies based in Geneva
- Swiss companies established in 1983
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