Bernard Madoff
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.
Silver Lining
Abortion groups invested heavily in Madoff. The result, Planned Parenthood is laying off about 20 percent of its staff. Another Madoff investor, the Florida-based Picower Foundation shut down in December. The foundation was worth $1 billion and is one of the top financial backers of pro-abortion groups. The JEHT Foundation gave $24 million in 2008 to abortion groups as well as the ACLU, also announced closing its doors in December. [2]
External links
References
- ↑ http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former Nasdaq chairman charged with fraud.
- ↑ Madoff Scandal Rocks Pro-Abortion Groups NewsMax, January 12, 2009