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RCT Files $25 Million Claim Against Marcum

On July 22, 2014, RCT filed a $25 million claim in New York Supreme Court against Marcum LLP on behalf of the Joint Official Liquidators of the AJW Offshore Funds. As alleged in the lawsuit, Marcum provided negligent audit reports that allowed the manager of the funds, The N.I.R. Group, LLC and its principal, Corey Ribotsky, to receive improper management and performance fees.

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