Gabriel Capital

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2 N.J. funds win $12M in suit linked to Madoff

Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.

The award to two New Jersey investment funds was disclosed in a filing Thursday with the New York State Supreme Court in Manhattan. Get the full story »