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Learn to speak spanish Ebook – planning a holiday in Spain? All downloads listed here were purchased by floodle. Occupation Stock broker, financial adviser at Bernard L. The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008.
In December of that year, Bernard Madoff, the former NASDAQ Chairman and founder of the Wall Street firm Bernard L. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest. Alerted by his sons, federal authorities arrested Madoff on December 11, 2008. On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history. Investigators have determined others were involved in the scheme. Questions about his firm had been raised as early as 1999.