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U.S. markets recover from steep losses
NEW YORK, Jan. 5 (UPI) -- A judge in New York ruled that feeder-fund investors who funneled money to Ponzi scheme operator Bernard Madoff should not be granted the status of customer.
US District Judge Denise Cote in Manhattan said the law, "simply does not protect against all cases of alleged dishonesty and fraud," the New York Post reported Thursday.
Cote upheld a June 2011 decision by U.S. Bankruptcy Judge Burton Lifland, who sided with court-appointed trustee Irving Picard, who is charged with recovering funds for Madoff's victims.
Picard contends that investors with no account at Madoff Investment Securities LLC, but invested indirectly, were not entitled to compensation for their losses.
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JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
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LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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