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Thread: The investors suffer large losses from Madoff's fraud!
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[quote=FRANKENSTEIN,346678]Bernard Madoff's fraud has caused great losses to the investors, especially those investment banks. HSBC has said that it could loss about 1 billion dollars. Royal Bank of Scotland, BNP Paribas and Santander are all the victims. The Royal Bank of Scotland says that it will lose £400 million. Japan's Nomura probably will lose Y27.5bn ($300m). After Madoff's fraud was exposed, many people start to question about the business model of funds of funds. Perhaps, there are more undiscovered frauds. After this scandal, will you invest your money in funds?[/quote]
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