Three Fantasies

HIS face is that of a Jewish gentleman. But actually he is the biggest fraudster in modern history—and an actor in a Harry Potter-like world of American capitalism.

Madoff looks reliable enough. At just on 71, he has been a faithful husband in his marriage to his childhood sweetheart; they have two good children. He established the Madoff Family Foundation and donated to education, medical research, hospitals and theater.

His philanthropy was

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