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Returns trump concerns as Madoff investors confront losses
New York investors who trusted Bernard Madoff as a long time associate and golf partner face a multibillion dollar Ponzi scheme as assets are frozen and a receiver appointed. Despite warnings from financial consultants the scam appeared flawless with abnormally smooth monthly returns, leaving many, including Sterling Equities and wealthy friends, wondering how much money is gone.
MENTIONED IN THIS ARTICLE
New York
Long Island
Florida
Bernard L. Madoff
Wall Street
Charles Gradante
Hennessee Group
Gradante
Madoff
Sterling Equities
New York Mets
Fred Wilpon
Joyce Greenberg
Texas
Houston
Jacob Greenberg
Greenberg
Lawrence Velvel
Massachusetts School of Law
Velvet
Brad Friedman
Palm Beach Country Club
Glen Oaks Country Club
Friedman
Wilpon
Bernard L. Madoff Investment Securities
Fairfield Greenwich Group
Bramdean Alternatives