Oil Marketer Closes Bid To Get Millions Back From Madoff

摘要

New York City marketer Martin Rosenman won't be getting back the $ 10 million invested on behalf of his family with accused Wall Street swindler Bernie Madoff any time soon - even though he gave Madoff the money just six days before the New York money manager was arrested last December. Rosenman is the president of Stuy vesant Fuel and invested the money on behalf of a family trust through wire transactions in early December. A lawyer for the Rosenmans claimed the cash was to be held in a JP Morgan Chase account, in U.S. Treasury bills, for a month, after which a decision would be made by Madoff and the family on where to invest the money.