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The Koch Brothers Could Walk Away With Madoff Cash

  • Koch Industries was sued in 2012 for the return of fake profit
  • More than $2 billion at stake in similar lawsuits by trustee
Updated on

Billionaire brothers Charles and David Koch have made plenty of good business decisions over the years. Placing millions of dollars with Ponzi-scheme mastermind Bernard Madoff may have been one of them.

Koch Industries Inc. invested an unknown sum with the con man’s now-defunct securities firm years ago and walked away with $21.5 million in profits before Madoff’s arrest in 2008. But since 2012 the company run by the conservative-activist brothers, worth today a combined $109 billion, has refused legal demands to return the money.