Reply #4: speaking of Marc Rich:

[mod mom]

In December 2008, it was estimated that he had suffered a loss was $10 million to $15 million, according to someone with long knowledge with Mr. Rich’s finances who insisted on anonymity because he had not been authorized to speak. Another person, also knowledgeable about Mr. Rich’s finances, said the loss stemmed from Mr. Rich’s association with the money manager J. Ezra Merkin. Mr. Merkin, a hedge fund investor whose Park Avenue firm claimed until recently to have $5 billion under management, has been investing for Mr. Rich for years. Mr. Merkin told his clients last month that he had entrusted more than $1 billion of their money to Mr. Bernard L. Madoff, and that the likelihood of recovery was difficult to gauge.

from wiki