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

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.