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Exact(36)
The indictment does not specify how much the scheme cost purchasers of industrial diamonds.
The scheme cost £120m and has inspired similar ventures in other towns.
So overall, the scheme cost three times more than it made in savings.
The Philippines police agency's statement said the scheme cost $2 million.
Authorities have said Mr. Madoff's Ponzi scheme cost investors an estimated $17.3 billion.
Investigators say the scheme cost the city $160 million in lost tax revenues in the last four years alone.
Similar(23)
Macedonia's scheme costs €400,000.
The scheme costs £2.7bn: anyone over 60 is eligible to claim £250 per household.
The current pension scheme costs the BBC about £140m per year.
The scheme costs £750,000 a year – just 14% of which comes from the public purse.
It employs four staff to operate the scheme, but would not say how much the scheme costs.
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