12-15-2008, 06:34 PM
<b>Madoff Arrest Forces Nonprofitâs Closing, Stirs Worry at Others </b>
When Jews rip off other Jews. This disease is still far away among common Indian origin American except FOSA, FOIL, NRI_SAI, Poddar family, Vashnav center who tries to rip off gullible Indians.
<b>European investors lose billions in Madoff's Ponzi scheme</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Santander, the eurozone's largest bank by market value, said its clients had an exposure of <b>2.33 billion euros ($3.1 billion) </b>to Madoff's investment funds, mainly through its Optimal Strategic US Equity fund.
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The Journal reported that <b>BNP, France's largest bank </b>by market value, said it could lose as much as <b>350 million euros </b>as a result of the alleged fraud.
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In a letter posted on its website, the Swiss private bank Reichmuth and Co said its clients had an exposure of some 385 million Swiss francs to Madoff funds.
The bank said <b>Reichmuth Matterhorn</b>, a fund that invests in other hedge funds, faced a potential loss of about <b>8.6 per cent on its exposure </b>to Madoff. That amount represented about <b>3.5 per cent of the 11 billion Swiss francs Reichmuth & Co</b>. has under management, the bank said, the Journal reported.
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When Jews rip off other Jews. This disease is still far away among common Indian origin American except FOSA, FOIL, NRI_SAI, Poddar family, Vashnav center who tries to rip off gullible Indians.
<b>European investors lose billions in Madoff's Ponzi scheme</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Santander, the eurozone's largest bank by market value, said its clients had an exposure of <b>2.33 billion euros ($3.1 billion) </b>to Madoff's investment funds, mainly through its Optimal Strategic US Equity fund.
....
The Journal reported that <b>BNP, France's largest bank </b>by market value, said it could lose as much as <b>350 million euros </b>as a result of the alleged fraud.
...
In a letter posted on its website, the Swiss private bank Reichmuth and Co said its clients had an exposure of some 385 million Swiss francs to Madoff funds.
The bank said <b>Reichmuth Matterhorn</b>, a fund that invests in other hedge funds, faced a potential loss of about <b>8.6 per cent on its exposure </b>to Madoff. That amount represented about <b>3.5 per cent of the 11 billion Swiss francs Reichmuth & Co</b>. has under management, the bank said, the Journal reported.
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