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.

Tremont Group Holdings Inc., a hedge-fund firm owned by OppenheimerFunds Inc., had $3.3 billion invested with Bernard Madoff, according to a person familiar with the matter, Bloomberg reported.
Tremont’s Rye Investment Management unit had $3.1 billion, …

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.

NEW YORK — A fund manager who lost more than $1 billion of his clients’ money to Bernard Madoff was discovered dead Tuesday after committing suicide at his Manhattan office, marking a grim turn in …