Bernard Madoff arrested over alleged $50 billion fraud

Bernard Madoff arrested over alleged $50 billion fraud

news.yahoo.com

NEW YORK (Reuters) – Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme in what may rank among the biggest frauds ever.

(visit the link for the full news article)

Biggest Fraud in History? Okay, obviously not one single man can pull off such a large scheme without having dozens of people aiding his corruption. Which probes the bigger question, who else will be implicated?

And can we please get these corrupt stories our of our realities?

The $50 billion allegedly lost to investors would make Madoff's fund one of the biggest frauds in history. When Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets.

What is a Ponzi Scheme?

"He always seemed to be a straight shooter. I was shocked by this news," Najarian said.

Another wolf in sheep's clothing.

AAC

news.yahoo.com
(visit the link for the full news article)

[edit on 11-12-2008 by AnAbsoluteCreation]

[edit on 11-12-2008 by AnAbsoluteCreation]

we will get these stories out of our realities when people start stepping up to the plate, and knocking them out of the park.

its just getting old....