Madoff’s alleged mega-scam hits insurance

A number of major insurance companies are among the entities that were exposed to the alleged fraud perpetrated by Bernard L. Madoff Investment Securities LLC, according to published reports.

Axa SA of Paris, Massachusetts Mutual Life Insurance Co. of Springfield and Swiss Reinsurance Co., as well as other all-star companies, have also been exposed to Mr. Madoff’s alleged $50 billion Ponzi scheme...

Investment News: Madoff’s alleged mega-scam hits insurance
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