Saturday, March 20, 2010 10:39
Bernard Madoff arrested; $50 Billion held in Ponzi scheme
Posted by Ron Del Rosario on Friday, December 12, 2008, 10:20
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SAN FRANCISCO (INR) — Founder of Bernard L. Madoff Investment Securities, Bernard Madoff was arrested by the Federal Bureau of Investigation agents for alleged fraud.
According to senior employees of the Bernard L. Madoff Investment Securities firm, they were told by Madoff himself the the firm was “a giant Ponzi scheme” and involved tens of billions of dollars.
Via Marketwatch
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