Inquire.Report.Network » madoff arrest http://www.inquirre.net Digesting your News Networks Thu, 21 May 2009 04:00:02 +0000 en hourly 1 http://wordpress.org/?v=3.0.2 Bernard Madoff arrested; $50 Billion held in Ponzi scheme http://www.inquirre.net/200812400/bernard-madoff-ponzi-scheme/ http://www.inquirre.net/200812400/bernard-madoff-ponzi-scheme/#comments Fri, 12 Dec 2008 02:20:29 +0000 Ron Del Rosario http://www.inquirre.net/?p=400 Bernard Madoff

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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