The fallout is still growing from what prosecutors say was Bernard L. Madoff's $50 billion Ponzi scheme, casting a long shadow on the many financial firms linked to Mr. Madoff and raising more questions about how the alleged scheme went undetected for so long.
A founder of the hedge fund Access International Advisors, which reportedly lost as much as $1.4 billion that had been invested with Mr. Madoff, was found dead Tuesday in New York. The evidence pointed to suicide, the police said.
Liliane Bettencourt, the world's wealthiest woman, is said to have invested part of her $22.9 billion fortune with Mr. Madoff through Access International, Bloomberg News reported.
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Links between Mr. Madoff and elite private banks like Geneva-based Union Bancaire Privée have cast an unwanted spotlight onto the normally shadowy world of private bankers in Switzerland, The New York Times reported.
The Wall Street Journal looked at Mr. Madoff's early days, and suggests that suspicions about his strategy go back further than whistle-blowers have alleged.
Bill Brodsky, the chief executive of the Chicago Board Options Exchange, told The Financial Times that poor training of junior S.E.C. staff made it easier for Mr. Madoff's fraud to go undetected.
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Even as the extent of Mr. Madoff's alleged fraud it still being calculated, Jews all over the country are already sending up something of a communal cry over a cost they say goes beyond the financial to the theological and the personal.
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