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TOURA, Lebanon — A Mideast version of the Bernie Madoff scandal is threatening to tarnish Hezbollah’s reputation in Lebanon for being incorruptible.
Hundreds of Lebanese sold land or drained retirement savings and handed over hundreds of millions of dollars to Salah Ezzedine, a Shiite businessman with connections to Hezbollah. Ezzedine’s investment company promised as much as 40 percent in annual returns.
Hezbollah leader Sheik Hassan Nasrallah earlier this month denied the group had any connection with the financier.
