International News
Max Cap Says 'No Known Exposure' to Madoff Funds
The Bermuda-based Max Capital Group has issued a bulletin indicating that it "has no known exposure to funds managed by Bernard L. Madoff Investment Securities LLC."
So far the exposures to the Madoff firm's alleged fraud - estimated to run as high as $50 billion - have been confined to banks, hedge funds and private investors.
Source: Max Capital Group - www.maxcapgroup.com
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