User Comment by Laurence on Madoff Victims







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Laurence's Comment on
Madoff Victims

Re: Fairfield Sentry Bankruptcy question

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Main thread--Madoff Victims

From: Laurence
State: Florida
Posted: 05/17/2009
Subject: Fairfield Sentry Bankruptcy question
Comment:
Vignat, you have raised a good question as to bankruptcy of Fairfield Sentry. However, any investor that lost money with Fairfield Sentry would have an unsecured creditor claim and typically those claimants do not have a strong position in any corporate bankruptcy as they have the lowest priority position among all claimants. Also, in my opinion, the SIPC is not likely to cover the losses of Fairfield Sentry investors.

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