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Prosecutors reduce Madoff's Ponzi scheme total to $13B
Federal prosecutors Friday night said swindler Bernard Madoff scammed an estimated $13 billion from investors, much less than the original estimates of $50 billion to $65 billion - but still ranking the scheme as the largest Ponzi scam in Wall Street history.
Prosecutors said in a memorandum filed in Manhattan Federal Court in anticipation of Madoff's June 29 fraud sentencing the new estimate...
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