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| 2008/12/29 00:00

Latins Quiet About Madoff Losses

Dec 29 -- Clients in Region Invested Millions Through Banco Santander, Fairfield

Latins Quiet About Madoff Losses

Wealthy Latin Americans appear to be among the big losers in the $50 billion Ponzi scheme orchestrated by financier Bernard Madoff, although many in the region are reluctant to step forward due to the private nature of Latin American fortunes, worries about security, and concerns about tipping off local tax authorities.

Find more information here. (Suscriber content at WSJ)

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