Harry Markopolos says Madoff losses between $15-$25 billion
4 February 2009
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Harry Markopolos said losses linked to Bernard Madoff’s alleged fraud are probably $15 billion to $25 billion, rather than the estimated $50 billion.
Markopolos, testifying to a House Financial Services Committee panel today, said the higher total reflects purported returns. Markopolos tried for nine years to get the Securities and Exchange Commission to investigate Madoff.
