Bernard Madoff
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Bernard L. Madoff (born April 29, 1938) is a former chairman of the Nasdaq stock exchange, founder of Bernard L. Madoff Investment Securities, and the central figure of the Ponzi scheme story broken on December 11, 2008.
He was arrested and charged on December 11 with securities fraud- his Investment Securities was, according to his own words after his arrest, "Basically a giant Ponzi Scheme." [1]
Before his arrest and during much of his life, Madoff was involved in philanthropy.
External links
References
- ↑ http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former Nasdaq chairman charged with fraud.