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    • BVI Court of Appeal rules against attempt by liquidators of Madoff feeder fund to claw back $1 b in redemptions from investors

    BVI Court of Appeal rules against attempt by liquidators of Madoff feeder fund to claw back $1 b in redemptions from investors

    More than 900 investors who redeemed $1.4 billion from an insolvent British Virgin Islands-domiciled fund that fed money into Bernard Madoff’s fraud are a step closer to not having to pay back the money following a judgment at the Eastern Caribbean Court of Appeal.