Madoff's $50 Billion fraud: One year later
source: http://hosted.ap.org/dynamic/stories/U/US_MADOFF_SCANDAL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAU...
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The FBI agents who arrived at Bernard Madoff's luxury penthouse apartment on the morning of Dec. 11, 2008, found a broken man in a bathrobe who knew his time was up.
The one-time titan of finance confessed he had "paid investors with money that wasn't there." A year after Madoff's scheme collapsed - with headlines of $50 billion in losses - investigators and investors are still struggling to measure the full scope and impact of the largest securities fraud in history.
The scandal has already resulted in more aggressive enforcement and stiffer sentences for white-collar crime, and tougher regulations for the Securities and Exchange Commission.
http://hosted.ap.org/dynamic/stories/U/US_MADOFF_SCANDAL?SITE=AP&SECTION=HOM...
The one-time titan of finance confessed he had "paid investors with money that wasn't there." A year after Madoff's scheme collapsed - with headlines of $50 billion in losses - investigators and investors are still struggling to measure the full scope and impact of the largest securities fraud in history.
The scandal has already resulted in more aggressive enforcement and stiffer sentences for white-collar crime, and tougher regulations for the Securities and Exchange Commission.
http://hosted.ap.org/dynamic/stories/U/US_MADOFF_SCANDAL?SITE=AP&SECTION=HOM...
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