Friday, December 12, 2008

NYT: Prominent Trader Accused of Defrauding Clients

From NYTimes.com

Bernard L. Madoff, was arrested at his Manhattan home by federal agents who accused him of running a multibillion-dollar fraud scheme — perhaps the largest in Wall Street’s history.


Investors in the Madoff scheme include Steven Spielberg, eek. The 70 year old Madoff seems to have walked away with nearly $50 billion dollars--but where did it all go? We can tell that this is going to be some epic news. Gordon Gekko has nothing on this guy.


For the rest of this article, please click here.



Share this article with your social network, just click below to share now!


No comments: