Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE

Marc Rich's Madoff Loss "Insignificant": $10-$15 Million

marcrich010809.jpgPardoned fugitive Rich apparently not feeling the sting of recession.

Floyd Norris:

Advertisement

Marc Rich, the fugitive financier whose pardon by President Clinton eight years ago caused a huge controversy, is back in the news.

A spokeswoman said he suffered an “insignificant” loss in the Bernie Madoff Ponzi scheme.

Alison Leigh Cowan of The Times reports that the loss was “$10 million to $15 million.”

See Also: Bernie Madoff's Victims: The Slideshow

Fraud
Advertisement
Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Jump to

  1. Main content
  2. Search
  3. Account