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Trustee: Madoff friend made over $1B in fake profits
At the age of 96, philanthropist Carl Shapiro is finding longevity to be a mixed blessing. It didn't help that he was among Bernard Madoff's friends and early investors.
Shapiro, who in 1939 founded the Kay Windsor women's apparel firm, is nearly blind in one eye and has problems affecting the other eye, his lawyers have said. On top of that he suffers from heart problems and hypothyroidism,...
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