You are here

Charities keep names secret in Madoff case

Charities keep names secret in Madoff case

Charities keep names secret in Madoff case

Charities being sued for return of funds in the Bernard L. Madoff Ponzi scheme bankruptcy have been allowed to keep their names secret, at least for the time being. Charities named in six separate recovery actions, with the support of the bankruptcy trustee, have sought to keep their identities secret pursuant to a section of the Bankruptcy Code that allows a court to protect an entity with respect to “confidential … commercial information.” The Court said that the charities “have advanced persuasive arguments that public disclosure of [their] potential liabilities to the Trustee, and in some instances their alleged relationships with [Madoff’s business] and Bernard L. Madoff, could...

lock The full text of this article is available to paid subscribers only. Login or subscribe to read more

 

Sign-up for our weekly Q&A; get a free report on electioneering