The liquidator of the Madoff pyramid scheme case is seeking $375 million from Credit Suisse to be used to repay investors duped of billions of dollars in the scandal.
Liquidator Irving Picard filed suit against the Swiss bank Monday in a New York court, saying that the money had been transferred to Credit Suisse by “feeder” funds that were arms of Bernard L. Madoff Investment Securities.
Madoff Investment Securities was the fund management business that collapsed in December 2008 after being exposed as a massive Ponzi-type scheme that lost tens of billions of clients’ money despite reporting steady profits for years.
German police have set up a special team to fight a growing number of forged vaccine certificates being sold in the black market
Police in Cologne have warned of a group of fraudsters selling fake vaccination certificates, a growing problem the scale of which is still unclear.
The police said the fraudsters worked in encrypted Telegram chats, making investigations difficult, and were selling fake documents with all the stamps and signatures, including a mark about vaccination with BioNTech or AstraZeneca.
READ ALSO: Germany probes Covid-19 testing centres for fraud
The fraud involved both real traffic in fake documents as well as scams luring customers into paying €100.
People in Germany who are fully vaccinated can show their vaccination booklet, which has a stamp and a sticker inside. Those who don’t have a booklet get a piece of paper.
Covid health passes are currently being rolled out across the EU, with a European health passport expected to be available from mid-June.
READ ALSO: What’s the latest on how the EU’s ‘Covid passports’ will work for travellers?
Over 44% of the adult population in Germany has received at least one dose of the Covid-19 vaccine, and more than 18% of Germans have been fully vaccinated.
German police have said forged coronavirus vaccine documents are becoming an increasing problem.
Last month, a couple in Baden-Württemberg was accused of selling fake coronavirus vaccination certificates.
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