'Egypt's Madoff' jailed for multi-mln dlr star swindle

A businessman known as "the Egyptian Madoff" was jailed in absentia for 15 years on Wednesday for swindling actresses, football stars and politicians out of more than 60 million dollars.

A Cairo court handed down the sentence to Nabil al-Bushi, held in Dubai since February pending trial on other fraud charges, for "swindling 350 million pounds (62 million dollars) from Egyptian citizens via his Optima Security Brokerage firm," a judicial official told AFP.

Bushi managed to con a star-studded list of more than 85 people.