Former Nasdaq chair arrested over alleged $50-bn fraud

Article Date : 12 December 2008
News Section: United Arab Emirates

Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion (Dh184 billion) "Ponzi scheme" in what may rank among the biggest fraud cases ever. The former chairman of the Nasdaq Stock Market is best known as the...

Like this? Then share with your friends and colleagues!

Article provided by Business24-7.ae.
Read the full article here: http://www.business24-7.ae//Articles/2008/12/Pages/FormerNasdaqchairarrestedoveralleged$50-bnfraud.aspx

DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.