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Madoff
Some of the money "went" here, either paying the early investors in this ponzi/pyramid scheme, or funding this guy's lifestyle.
Quote:
Worried investors are rushing to assess the extent of potential losses after the alleged $50bn (£33.5bn) fraud by the ex-head of the Nasdaq stock market.
Wall Street broker Bernard Madoff's fund ran up the massive fraud, which he called "one big lie", prosecutors said.
A federal judge has appointed a receiver to oversee Mr Madoff firm's assets and customer accounts.
Hundreds of people are thought to have invested with him. The 70-year-old has been released on $10m bail.
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More at the link.
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Shut up and hug. MoreThanPretty, Nov 5, 2008.
Just because I'm nominally polite, does not make me a pussy. Sundae Girl.
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