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PARIS: The best description of Patrick Drahi’s business model may be the one he gave last year in a talk at his alma mater. “I bought everything on credit,” he told students at French engineering school Polytechnique. “I didn’t take much risk. It’s the banks that lent everything.”
NEW YORK (AP) - The founder of an investment fund that lost $1.4 billion with Bernard Madoff was discovered dead Tuesday after committing suicide at his Madison Avenue office, marking a grim turn in a scandal that has left investors around the world in financial ruin.