Marty Joel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reality finally caught up with Bernie Madoff on December 11, 2008.
Arrested at the $7m Manhattan penthouse he shared with his wife, Ruth, the man who had run a decade long pyramid scheme made an emotional confession to his sons that “it’s all just one big lie”. Securities and Exchange Commission investigators spoke of “a stunning fraud that appears to be of epic proportions”.
Their suspicions proved correct.
Madoff’s white-collar crime was the largest-ever Ponzi scheme in history. By its end, Madoff had effectively stolen $17.5bn (£11.4bn) from more than 4,000 account holders with Bernard L. Madoff Investment Securities (BLMIS), as well as from thousands more third-party investors exposed through feeder funds. ....

United Kingdom , City Of , United States , New York , Provence Alpes Côd Azur , New York Stock Exchange , Stanley Chais , Aston Martin , Louis Lanzano , Jeffry Picower , Carl Shapiro , Irving Picard , Philip Toop , Bernie Madoff , Colin Bond , Bernardl Madoff , Antony Marshall , Marty Joel , Steven Spielberg , Liliane Bettencourt , Stephen Raven , Justice Popplewell , John Purcell , Sonja Kohn , Charles Ponzi , York Stock Exchange ,