New 'Madoff' Scandal Feared as Jewish Hedge Fund Execs Charged in $1 Billion Ponzi Scheme

Seven current and former Platinum Partners LP executives have been charged after firm collected $100 million from investors, offering annual returns of up to 17 percent. The New York-based fund collapsed in June when a founder was charged with bribery.

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Jewish New Yorkers fear a repeat of the Bernie Madoff scandal after senior executives of a New York hedge fund with close community ties were accused this...