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Madoff losses cut

THREE organisations caught up in the alleged fraud of Wall Street financier Bernard Madoff have announced their losses are not as high as originally believed.

Yeshiva University, the American Technion Society and Hadassah, the Women's Zionist Organization of America, have released statements clarifying their losses.

They say the huge profits they thought they had made were probably fiction.


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Saturday 26 May 2012

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