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December 16, 2008

More on consequences to Israel lobby of Madoff collapse

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Two years ago the state of Israel began selling a national bank, Leumi, to private investors. One of those investors was Ezra Merkin. A Merkin fund called Ascot gave all $1.8 billion that Merkin had raised from investors to Bernard Madoff.

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Two years ago the state of Israel began selling a national bank, Leumi, to private investors. One of those investors was Ezra Merkin. A Merkin fund called Ascot gave all $1.8 billion that Merkin had raised from investors to Bernard Madoff.

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