NEW YORK (AP): Objecting to a $7.2 billion settlement that leaves them out, investors in jailed financier Bernard Madoff's fraudulent investment business who have been denied payouts from recovered funds said in court papers filed Thursday that they think the trustee recovering money for investors might be cheating them.
A lawyer for the investors filed papers in U.S. Bankruptcy Court in Manhattan objecting to a settlement announced last month that will provide settlement payments to Madoff investors who lost their original investment.
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