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View Full Version : Madoff fraud failed to give investors a lesson - BBC News



FraudNews
09-21-2012, 11:03 AM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFBsze1V7kpazthEZXT6r L-0UFw_Aamp;url=http://www.bbc.co.uk/news/business-19671906img src=//nt1.ggpht.com/news/tbn/5Z57jo61D1YfcM/0.jpg alt= border=1 width=80 height=45 /br /font size=-2BBC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFBsze1V7kpazthEZXT6r L-0UFw_Aamp;url=http://www.bbc.co.uk/news/business-19671906bMadoff bfraud/b #39;failed to give investors a lesson#39;/b/abr /font size=-1bfont color=#6f6f6fBBC News/font/b/fontbr /font size=-1Investors lost $17.3bn from the bfraud/b, of which 58% has been recovered. quot;I don#39;t think that people have learnt from the fact that someone like Bernie Madoff and others have created these schemes that people bought into,quot; Mr Sheehan told the BBC#39;s Today b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHNkk5_bIrcoOcZHeE1rK S7zO50UQamp;url=http://www.skynews.com.au/world/article.aspx?id%3D797498Madoff bfraud/b victims paid out $2.4bil/afont size=-1 color=#6f6f6fnobrSky News Australia/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGd3KGCynpPUOWzla8vfi 9fz3l3QQamp;url=http://finance.ninemsn.com.au/article.aspx?id%3D8536617Madoff bfraud/b victims paid out $2.4billion/afont size=-1 color=#6f6f6fnobrNinemsn/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFwekaBZLWo3lCtYET3tV Ci2nvryQamp;url=http://www.washingtonpost.com/business/economy/25-billion-sent-to-victims-of-madoffs-fraud/2012/09/20/ff973694-0366-11e2-8102-ebee9c66e190_story.html$2.5 billion sent to victims of Madoff#39;s bfraud/b/afont size=-1 color=#6f6f6fnobrWashington Post/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEL74Xg-I1jXIxKvElfRNPqqKVjiAamp;url=http://economictimes.indiatimes.com/news/international-business/bernard-madoff-fraud-victims-to-receive-2-48-billion-payout/articleshow/16478333.cmsnobrEconomic Times/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dmuNsLeiwXfJDDMqnzqO cX9X6nakMnobrball 356 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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