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“Madoff” case: depositories under fire

April 2009 - Litigation & Dispute Resolution. Legal Developments by Bersay & Associés .

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Much ink will continue to be spilled on the biggest fraud ever to hit financial markets. US$50 billion reported to have gone up in smoke, investors cheated throughout the entire world, and one man, Bernard Madoff, placed in house arrest in his New York apartment by the US courts, while awaiting trial.

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