Bloomberg News

ABN Amro Asks Judge to Toss Madoff Suit, Says $490 Million Lost

June 14, 2012

ABN Amro Bank (Ireland) Ltd. asked a judge to dismiss a lawsuit by the liquidator of Bernard Madoff’s firm, saying it lost $490 million in the Ponzi scheme, out of $725 million it invested. As one of the con man’s biggest losers, “it is simply not plausible” that the bank suspected fraud, as the trustee alleged, it said in a federal court filing in Manhattan yesterday.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net


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