An Indianapolis investment firm confirms some of its clients may've lost as much as $15,000,000 in connection with the scandal surrounding a Wall Street money man.
KSM Capital Advisors began notifying the less than 50 clients last week. Money Manager Bernard Madoff is accused of duping investors in one of Wall Street's biggest Ponzi schemes.
In a statement, KSM's Managing Director says, "we have some affected clients and we, like the thousands of other investors in Madoff's funds, are outraged by the alleged wrongdoing. We deeply regret any loss of clients through this fraud and are working closely with those affected."
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