made-off Dec. 8, 2010

Feds Squeeze $625 Million Out of Madoff Ally Carl Shapiro

By Chris Rovzar

A year and a half after investigators turned their sights on Carl Shapiro, a potential passive accomplice in Bernie Madoff’s massive Ponzi scheme, the 97-year-old apparel magnate has surrendered $625 million to them for victim reparations. [NYT]

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Feds Squeeze $625 Million Out of Madoff Ally Carl Shapiro

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