FindLaw: J. Ezra Merkin, Accused Middleman for Bernard Madoff, and Gabriel Capital Corp. Sued by N.Y. Attorney General

 


J. Ezra Merkin, Accused Middleman for Bernard Madoff Sued by
N.Y. Attorney General for Allegedly Failing to Tell Investors and Charities That
He Invested More Than $2.4 billion With Madoff Without Their Permission

New York v. J. Ezra Merkin and Gabriel Capital Corp.

April 6, 2009

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Lawyers
  • N.Y. Attorney General Andrew Cuomo
  • New York Attorney General's Office
  • Andrew Levander, Merkin's Lawyer
  • White Collar Criminal Defense Lawyers


  • Related Links:
  • Bernard Madoff's Guilty Plea Allocution - Statement
  • Criminal Information (U.S. v. Madoff)
  • Madoff's Original Criminal Charges
  • Madoff's Jan. 12, 2009 Bail Order
  • Congressional Testimony of Financial Fraud Investigator
        Harry Markopolos About Madoff Ponzi Scheme
  • S.E.C. Charges Against Madoff
  • Financial Crisis Special Coverage


  • An accused middleman and fund manager was sued by New York Attorney General Andrew Cuomo's office for allegedly failing to get permission from his individual and non-profit clients that he would be investing $2.4 billion of their assets with now convicted and admitted Ponzi scheme investment manager Bernard Madoff.

    He is charged with violating New York's Martin Act, a state securities law governing fraudulent practices regarding stocks, bonds, and other securities.

    Merkin is also accused of commingling his personal funds, including management fees, with the funds of his management company, Gabriel Capital Corporation ("GCC"). Merkin is accused of using GCC funds to make purchases for his personal benefit, including over $91 million of artwork for his Park Avenue apartment.

    You can read the New York Attorney General's lawsuit against J. Ezra Merkin and Gabriel Capital Corp. below:


     

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