Max Cap Says ‘No Known Exposure’ to Madoff Funds

December 15, 2008

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 –

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