Archive | December 24th, 2008

US Financier Bernard Madoff Admits 50 Billion Dollar Fraud

Posted on 24 December 2008

Investors in Britain are being hit by the fallout from a massive financial scandal in the United States. Bernard Madoff, a former chairman of the Nasdaq stockmarket, admitted a fraud which could cost investors on both sides of the Atlantic up to 50 billion dollars.

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