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Banco Santander Accused of Failing to Act on Madoff Concerns

Banco Santander SA, the Spanish bank that lost about $3.2 billion in Bernard Madoff’s fraud, failed to protect clients after discovering in 2002 that the con man deviated from industry standards by acting as custodian of his own funds, investors said in a revised U.S. lawsuit. Read Bloomberg report here.

SourcedFrom Sourced from: Madoff Help News & Assistance

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