Bernard Madoff arrested over alleged $50 billion fraud

[Bouncer]

NEW YORK (Reuters) - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme in what may rank among the biggest frauds ever.

The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses.

Full Story: Bernard Madoff arrested over alleged $50 billion fraud | U.S. | Reuters

[bigscott]

i believe you will see more and more of this type of stuff come to light !! wallstreet has been sticking shit up americas ass for a long time -

still pissed we [taxpayers] were froced to bail them out - would have hung them all for treason