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Madoff moves closer to involuntary bankruptcy

Bernard Madoff, already destined to a life behind bars, has moved a step closer to finding himself doing time like an inmate in debtor's prison. As expected, a group of Madoff's investors Monday filed court papers to push the 70-year-old Wall Street swindler into involuntary bankruptcy and strip him of whatever personal fortune he has left. In a four-page filing in federal bankruptcy court in Manhattan,...

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