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Uma's man loses £153m in the Wall St scam
By Nick Goodway, London Lite Last updated at 12:58pm on 16.12.08The fiancé of Kill Bill actress Uma Thurman has lost millions in the Bernard Madoff investment fraud, it was revealed today.
Caught out: Uma Thurman with her partner Arpad Busson
Arpad Busson has up to £ 153 m exposure to Madoff through the EIM group of hedge funds.
Mr Busson runs the annual Ark Dinner which raises millions of pounds from hedge fund managers to help children who are victims of abuse, poverty, illness and disability.
The $50bn (£33bn) Wall Street fraud is fast ensnaring celebrities, bankers and smaller investors. Spain's top banking family - the Botins - have also been dragged in as victims of the world's biggest financial scam. Emilio Botin is the architect of Banco Santander, which owns Abbey, Bradford & Bingley and Alliance & Leicester. Santander is now one of the largest victims of the Madoff fraud and could lose up to £2.1bn.
Meanwhile, Madoff's wife Ruth is coming under scrutiny from investigators as to how much she knew about his business and whether she helped him to raise cash from their wealthy friends. She often accompanied him to charity dinners and is a co-trustee of the $19m Madoff Family Foundation. She has not been charged.
Geneva is emerging as one of the hubs for Madoff Securities to entice money into its investment scheme. Investigators want to find out how much Mr Madoff's sons, Mark and Andrew, knew about his operation. It is reported that they blew the whistle on him to the FBI after he told them he had lost $50bn.
