Tuesday, May 19, 2009

 

California eyes Stanley Chais' role in Madoff debacle

Investigators from Atty. Gen. Jerry Brown's office are said to be looking into the former Beverly Hills money manager's relationship with the disgraced financier.

The California attorney general's office has launched a preliminary investigation into the role that former Beverly Hills money manager Stanley Chais played in funneling millions of dollars into the giant Ponzi scheme run by convicted felon Bernard L. Madoff, said people familiar with the matter.

Investigators from Atty. Gen. Jerry Brown's office are looking into Chais' relationship with Madoff and whether Chais misrepresented to investors that he was placing their money with the disgraced financier...

LA Times: California eyes Stanley Chais' role in Madoff debacle

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