Braman, 76, who in September was listed as the 281st richest American by Forbes.com with a net worth of $1.7 billion, says he has personally known Madoff for years and had invested a “considerable amount” of money with him, but wouldn’t disclose exactly how much.
Braman said the people who dealt with Madoff did so not out of greed but because they were “interested in preserving capitol and earning a minimal return on their investments.”
