On December 11, 2008, FGA learned, at the same time as the rest of the world, that BLMIS had defrauded those funds.

FORBES: Connect

Said wind-down began more or less with the revelation of massive securities fraud at Bernard L. Madoff Investment Securities, Inc. in December 2008, which negatively impacted certain funds FGA (or a related person) had been advising.

FORBES: Connect