Ezra Merkin -- Madoff scam 'feeder' charged with fraud

By Jake on
Ezra Merkin, a money manager implicated in Bernard Madoff's massive Ponzi scheme, has been charged with fraud by New York Attorney General Andrew Cuomo. Merkin is charged with funneling more than $2.4 billion into Madoff's scheme, while earning $470 million for himself.From a LA Times article: Merkin, a well-known New York philanthropist and the former chairman of General Motors Corp.’s financing arm, GMAC Financial Services, "profited enormously from Madoff’s scheme, reaping huge...Read Full Story