Former Merill execs invested in Madoff funds:
- Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
Former chief executives Daniel Tully and David Komansky and former investment-banking chief Barry Friedberg personally invested in the funds, set up by former Merrill brokerage chief John Steffens, the paper said, citing people familiar with the matter.
Former Merrill execs invested in Madoff fundsMerill execs invested in Madoff funds: report
Fri Jan 30, 2009 1:52am EST Email | Print | Share| Reprints | Single Page[-] Text [+]
1 of 1Full SizeNEW YORK (Reuters) - Top former Merrill Lynch
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