Marc Rich's Madoff Loss "Insignificant": $10-$15 Million

Pardoned fugitive Rich apparently not feeling the sting of recession.

Floyd Norris:

Marc Rich, the fugitive financier whose pardon by President Clinton eight years ago caused a huge controversy, is back in the news.

A spokeswoman said he suffered an “insignificant” loss in the Bernie Madoff Ponzi scheme.

Alison Leigh Cowan of The Times reports that the loss was “$10 million to $15 million.”

See Also: Bernie Madoff’s Victims: The Slideshow

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at