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Archive Home > 2009 > July > 25 > As scams hit IRAs, no one’s looking at the biggest loser

As scams hit IRAs, no one’s looking at the biggest loser

By Diana Henriques / The Bulletin
July 25, 2009

Three unrelated Ponzi schemes, including Bernard Madoff’s, erased more than $1 billion from hundreds of individual retirement accounts set up through a single financial company.

At a minimum, this coincidence would appear to be a mystery worthy of investigation by regulators. But so....

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