Madoff bank in US will pay $2 billion fine

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The bank that did most of the banking transactions for the Madoff ponzi in the US has been fined $2 billion for failing to act.  Yet as far as we know, no action or investigation of Ross’s bank has been undertaken here in NZ.  We find this very strange, considering NZ has strict anti money laundering laws.  Read about the US case here.

Related posts:

  1. Bloomberg – Madoff investors can’t sue SEC
  2. NZ Herald: Someone must have known Ross was a fraudster
  3. Bernie Madoff tormented by son’s suicide
  4. Dominion Post – Peter Madoff jailed for 10 years
  5. Dominion Post Opinion Piece – Investors facing unfair fight 14/12/12