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Investors told they won't get what Madoff promised

In the days after Bernard Madoff was arrested

Photo credit: Getty Images | In the days after Bernard Madoff was arrested in a Ponzi scheme of historic proportions, he presented himself as an austere financier. Here he leaves federal court in Manhattan. (Jan. 14, 2009)

Thousands of investors who gave money to scammer Bernard Madoff  -- including companies with interests in the New York Mets -- learned Monday that they won't be able to recover anything from Wall Street's largest Ponzi scheme.

The decision from Judge Burton Lifland in federal bankruptcy court in Manhattan had been widely anticipated. The losers are expected to appeal, a process some legal...

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