According to a press release a law firm is currently investigating potential claims on behalf of clients in Rye Select Broad Market and Fairfield Sentry Fund.

According to the press release clients in Rye Select Broad Market and Fairfield Sentry Fund lost significant sums through the Bernard M. Madoffs $50 billion Ponzi scheme, that has ensnared many individuals who unwittingly invested in funds managed by Madoff, which, according to press reports, may now be wiped out. Such funds, so the investigation, include the Rye Select Broad Market Fund and Fairfield Sentry Fund. While it remains to be seen what monies may be recoverable from Madoff, recoveries may be sought from firms that marketed these funds to investors, including Tremont Capital Management and Fairfield Greenwich Group and such marketers had common law and other duties to conduct due diligence of Madoffs activities before recommending such investments, particularly since they received fees based on the purported profits and assets of these funds, so the investigation.