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Reuters: Geneva banks lost more than $4 billon to Madoff: report

Started by chris, December 14, 2008, 12:59:18 AM

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Geneva banks lost more than $4 billon to Madoff: report
      


ZURICH (Reuters) - Geneva-based banks and investment funds have lost more than 5 billion Swiss francs ($4.22 billion) in the alleged $50 billion fraud by former Nasdaq chairman Bernard Madoff, Swiss newspaper Le Temps reported on Saturday.<div class="feedflare">
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