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Bernard Madoff has become one of the most infamous non-violent people in the history of the world for operating the largest Ponzi scheme ever, widely quoted at something like $50 billion.
But some experts say that the number is exaggerated, and suggest that the actual figure could be less than $20 billion. Stephen Harbeck, president of the Securities Investor Protection Corp. told the Associated Press that the $50 billion figure includes fictitious returns reported to investors.
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