| 18.12.2008 Opalesque Exclusive: K&L Gates says look at Bayou fraud for instructive guidance, Madoff investors seen returning fictitious profits from redemptions |
| Law firm K&L Gates pointed out in a client alert that the Maddoff fraud thus far seemed eerily reminiscent of the dramatic fall of the Bayou Funds in August 2005. The Bayou matter involved a multi-year, complex Ponzi scheme, whose perpetrators deceived hundreds of sophisticated investors by regularly issuing falsified account statements certified by bogus auditors. Even though the potential scal |
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