Former Nasdaq chair arrested over alleged $50-bn fraud

Article Date : 12 December 2008

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...

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

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Former Nasdaq chair arrested over alleged $50-bn fraud

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