Case Details for "Rye Fund, the Sentry Fund, Ascot Partners, Access International Advisors, or Maxam Capital Management "

Attention investors who lost millions in the long-running Ponzi scheme at Bernard Madoff Investment Securities

An investigation has been started into the the actions of MassMutual's Tremont Group Holdings, Inc. ("Tremont"); Rye Investment Management; Oppenheimer Funds; Fairfield Greenwich Advisors ("Fairfield"); Access International Advisors; and Maxam Capital Management, on behalf of investors who lost millions in the long-running Ponzi scheme at Bernard Madoff Investment Securities ("Madoff").

The investigation concerns the legal rights of investors who suffered a loss by entrusting their money to various holding companies and investment funds, such as Tremont's Rye Select Broad Market Fund (the "Rye Fund"), Fairfield's Sentry Fund; Ascot Partners; Access International Advisors; or Maxam Capital Management. Preliminary reports indicate that intermediaries who placed their clients' investments with Madoff knew or should have known that Madoff was engaged in wrongdoing based on suspicious returns and other signals of misconduct, but that they ignored these red flags. The Rye Fund allegedly hired Madoff as its investment manager and KPMG LLP as the fund's auditor.

Posted on:01/09/2009
Company: Rye Fund, the Sentry Fund, Ascot Partners, Access International Advisors, or Maxam Capital Management
Affected Class: Investors who have suffered a loss through the Rye Fund, the Sentry Fund, Ascot Partners, Access International Advisors, or Maxam Capital Management as a result of the Ponzi scheme at Bernard Madoff Investment Securities
Scope: Nationwide

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