Created: Feb 16, 2026 07:48 AM
End of an era: Kingate Management Ltd is set to be dissolved more than a decade after its involvement in Bernie Madoff’s massive Ponzi scheme (File photograph)
Kingate Management Ltd, the Bermuda company linked to the fallout from the Bernie Madoff fraud, is set to be dissolved after more than a decade in liquidation.
In a legal notice published this week, the Official Receiver and provisional liquidator, Kenneth Joaquin, said he was satisfied that the company’s realisable assets were not enough to cover the expenses of the winding up and that its affairs did not require further investigation. Creditors and shareholders have 28 days to object before an application is made…