Tag: money
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Carl J Shapiro loses hundreds of millions in Madoff fraud
Eminent billionaire and philantropist Bernard L. Madoff was arrested two days ago by federal agents for perpetrating the largest fraud scheme in Wall Street history, with losses estimated at $50 billion. Madoff was an extremely influential securities trader. According to charges against Mr. Madoff, his firm paid off earlier investors with money from new investors, […]