Harry Markopolos should be every American investor’s hero, I know that he’s one of mine. Mr. Markopolos, one of few Wall Street executives with a conscience, tried unsuccessfully for almost a decade to alert the SEC that Bernie Madoff was running a Ponzi scheme. The SEC’s refusal to investigate Madoff during that whole period is [...]
The infamous Bernie Madoff is scheduled to be sentenced June 16. It’s being reported that he’s facing up to 150 years in prison, plus fines and mandatory restitution to his victims. But, now that the admitted Ponzi scheme operator has finally been sent to jail awaiting sentencing, it’s also being reported that he’s already devising [...]
Man, that Chris Farley can jam on guitar.
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The Madoff Affair – FRONTLINE
On Dec. 11, 2008, Bernard L. Madoff confessed that his vaunted investment business was all “one big lie,” a Ponzi scheme colossal in volume and scope that cost investors $65 billion. Overnight, Madoff became the new poster child for Wall Street gall, greed and corruption.
Madoff was repeatedly investigated by the SEC, but it found nothing [...]