Foundation socks Merrill with $33M suit over Madoff investm

[news]

<p>The MorseLife Foundation chose to maintain investments in Madoff's Ponzi scheme after a Merrill rep's analysis, according to a recent suit Just months before his now-infamous Ponzi scheme collapsed, Bernie Madoff snookered a Merrill Lynch adviser who was attempting to perform due diligence on him for a foundation that serves the elderly, according ...</p>

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