Madoff's $50b net snares more victims
China Daily | Updated: 2008-12-17 08:09
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People walk outside Long Island Jewish Medical Center in New Hyde Park, New York. Investors, including Long Island Jewish Medical Center, had more than $24 billion in funds overseen by Bernard Madoff, the money manager arrested last week in an alleged fraud. AP |
In a Connecticut town, local officials scrambled to get a handle on damage to their pension funds, while in New York, a distinguished economist feared he had lost his $2.2 million nest egg.
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