Bloomberg News

Fairfield Sentry Sues to Recover $115 Million From Offshore Bank

April 13, 2012

Fairfield Sentry Ltd. (FAISENI), a feeder fund that transferred $3.2 billion to Bernard Madoff’s firm, sued Cayman Islands-based Atlantic Security Bank to recover $115 million it says were proceeds of the conman’s Ponzi scheme.

The case is Fairfield Sentry v. Atlantic Security Bank, 12-01550, U.S. Bankruptcy Court, Southern District New York (Manhattan).

To contact the reporter on this story: Karen Gullo in San Francisco at kgullo@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.


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