Dec 11, 2008

Bernard Madoff | Bernie Madoff Arrested

Bernard Madoff the man who founded Bernard L Madoff Investment Securities has been arrested by the FBI on allegations of fraud. Allegedly, Madoff told senior employees that the firm was "a giant Ponzi scheme". The allegged scheme involves tens of billions of dollars.

The US SEC also made a separate charge against Mr. Madoff for the Ponzi Scheme which started since at least 2005.



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