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Court Denies Recovery of Madoff Funds from Ex

New York City lawyer, Steven Simkin, paid his ex-wife, Laura Blank, 2.7 million dollars for her half of their investment with Bernard Madoff’s fund as a result of their marital settlement agreement.

When Simkin found out the fund was worthless earlier this year, he sued his ex to get the money back, claiming there was a “mutual mistake of fact” which gave his ex a windfall.

Manhattan Supreme Court Justice Saralee Evans refused to set aside the agreement and dismissed Simkin’s lawsuit.

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