Participants in the Madoff investment scandal group of hedge funds owned by Massachusetts Mutual Life Insurance Co, as well as, its parent companies in December 2010, seeking more than $2 billion and alleging that company executives ignored "obvious warning signs" that Madoff was running a fraud. Picard alleged that Tremont failed to do any meaningful review of Madoff's operations or purported investment results, blindly allowing Rye to turn over half its $6 billion in client assets to Madoff and losing half that money when the scheme finally collapsed. The payment of $1 billion to the Madoff truste, provided by Massachusetts Mutual Life as a loan to
The Pyramid (film) The Pyramid (film) The Pyramid is a 2014 American horror film directed by Grégory Levasseur, produced by Alexandre Aja, and distributed by 20th Century Fox. It is presented as found footage documenting the exploration of a recently discovered pyramid by a team of archaeologists. Written by Daniel Meersand and Nick Simon, the film stars Ashley Hinshaw, Denis O'Hare, James Buckley and Daniel Amerman. "The Pyramid" was released on December 5, 2014, and was negatively received by critics. During the 2012–13 uprisings in Egypt, an archaeological team discovers a vast pyramid buried below the surface. Further examinations of the pyramid's apex