‘Louis van Gaal lost cash to Madoff’
Football coach Louis van Gaal has lost a fortune to American securities fraudster Bernard Madoff, says the Telegraaf on Friday.
Van Gaal, manager at Alkmaar football club AZ, was part of a group which invested €1.5m with Fairfield Security, which then invested the money with Madoff, the paper says.
Former boxer Regilio Tuur has also lost money in the Madoff fraud. Former WBO world title holder Tuur faces eviction from his home in the chic PC Hooftstraat because he has not paid the rent for six months, the paper says.
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