Madoff Feeder Fairfield Greenwich Reaches Settlement In Massachusetts

September 8, 2009 2:40 PM EDT
Massachusetts Secretary of State William F. Galvin reached an $8 million settlement with Madoff feeder fund Fairfield Greenwich Advisors. The state previously turned down a $6 million settlement.

Fairfield, which neither admitted nor denied wrongdoing, also paid a $500,000 fine.

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