[caption id="attachment_1176" align="alignright" width="150" caption="** FILE ** In this Jan. 4, 2006 file photo, J. Ezra Merkin, managing partner of Gabriel Capital Group, seen during a ceremony in Jerusalem, Israel. New York Attorney General Andrew Cuomo on Monday, April 6, 2009 filed civil fraud charges against Merkin, a hedge fund manager who funneled billions of dollars in client money to Wall Street swindler Bernard Madoff. (AP Photo/Eliana Aponte, Pool,File)"][/caption]

Some may be asking thattoday after this breaking news report: J. Ezra Merkin, a hedge fund manager, is now accused of funneling billions of dollars in client money to Wall Street swindler Bernard Madoff.

New York's attorney general has filed civil fraud charges against Merkin for allegedly investing $2.4 Billion in client cash with Madoff without their permission. The complaing says Merkin colle