Friday, December 12, 2008

NYT: Prominent Trader Accused of Defrauding Clients


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.

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