BUSINESS

MORT ZUCKERMAN: Madoff Investment Leads To $30 Million Loss For His Charitable Trust

Boston Properties Inc. Chairman Mortimer Zuckerman said his charitable trust lost $30 million investing with Bernard Madoff.

The money was invested by a fund manager hired by Zuckerman's trust, Zuckerman said in an interview on CNBC today. The manager invested about 10 percent of a $300 million fund with Madoff, an arrangement Zuckerman said he didn't know about.

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