Santander to pay Madoff trustee $235m

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/8P1R88/1FO4L/Z9SGF4/6Z9IU/   Breaking news Tuesday May 26 2009 Breaking News   Santander to pay Madoff trustee $235m Santander has reached a settlement with the trustee representing the estate of Bernard Madoff, agreeing to pay $235m to resolve claims against two of the Spanish bank's hedge funds, managed by Optimal Investment Services, according to a statement on Tuesday from the trustee, Irving Picard. The settlement is Mr Picard's first big victory in his quest to get banking partners of Mr Madoff to pay up after the revelation last year that Bernard L. Madoff Investment Securities was nothing more than a "ponzi scheme". http://link.ft.com/r/8P1R88/8LIRY/6Z9IU/G6TO2/EOYOP/LE/h Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds © THE FINANCIAL TIMES LTD 2009 ABOUT THIS EMAIL You have received this email because you have signed up for this keyword/company alert on FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.