According to an article in The Wall Street Journal, Bernard Madoff received a whopping $250 million, ten days before his arrest, from an old buddy, Carl Shapiro. While a very nice gesture, it was insufficient to keep Mr. Madoff’s business afloat. Mr. Shapiro lost an estimated $400 million as a result of the Madoff fraud. No word on whether they are still pals.
Dying with Debt
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