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Bernard Madoff Scams 50 Billion from charities, hedge funds and investors
Dec 16, 2008
Banks, charities and investment funds around the world lined up on Monday to disclose they invested billions of dollars in companies controlled by Bernard Madoff, who is accused by U.S. authorities of masterminding a massive fraud. 

"Britain's HSBC Holdings Plc was the latest bank to join the growing list, saying it had exposure of around $1 billion, making it one of the biggest victims of the alleged $50 billion fraud. 

Royal Bank of Scotland Group Plc and Man Group Plc in the United Kingdom, Japan's Nomura Holdings Inc and France's Natixis SA also said they were hit by the worldwide scandal."
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Posted: Dec 16, 2008 3:41pm

 
 
 
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Green Road A.
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