Saturday, December 13, 2008

Fraud of epic proportion

Investors scrambled to assess potential losses from an alleged $50 billion fraud by Bernard Madoff, a day after the arrest of the prominent Wall Street trader.

Prosecutors and regulators accused the 70-year-old, who was chairman of the Nasdaq Stock Market in the early 1990s, of masterminding a fraud of epic proportions through his investment advisory business, which managed at least one hedge fund.

Batteries dying, be back on this later.


Sra. Madera said...

Amazing and sad.

Jeana said...

Our enemies are leading the country and are swindling us with impunity. Hold on, this is going to be a rough ride.