Massachusetts regulators ordered the first investor relief on Tuesday September 8, 2009. The complaint was filed by William F. Galvin, Massachusetts Secretary of State, on behalf of nearly a dozen investors in one of Madoff’s feeder funds. The Boston Globe is reporting that Fairfield Greenwich Advisors have settled with the investors for the original sum they placed, plus 6% annual interest. Fairfield will also have to pay the state oa $500,000 fine.
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