Bid for Madoff Trading Unit is Million

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Unless a better bid emerges, the stock trading business that was the pride of Bernard L. Madoff's business for decades will be sold for just $15 million.

From The New York Times

Madoff valued this business at $700 million just a few months ago.

Mr. Madoff is awaiting sentencing after pleading guilty to operating a vast, long-running Ponzi scheme.

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Tags: business, madoff, ponzi