US Financier Bernard Madoff Admits 50 Billion Dollar Fraud

AUSTRIA may have to take control of Vienna-based Bank Medici after its clients lost billions of dollars invested with Bernard Madoff.

MADRID — Spain’s Banco Santander, the euro zone’s largest bank by market capitalization, said it has a total exposure of 2.33 billion euros ($3.1 billion) in the alleged investment fraud by American investor Bernard Madoff.

On December 16 Fairfield Greenwich Group issued the following message to its client and investers about its exposure to the Madoff SCAM.

Comedian Andy Borowitz has made strange claims that The alleged Ponzi scheme of New York investment manager Bernie Madoff has claimed yet another victim, as al-Qaeda kingpin Osama bin Laden today revealed that he lost over $1 billion in the fraud.