Finance Pyramid Scheme

Head of the SEC : "Staff at the Securities and Exchange Commission failed many times over a decade to fully investigate credible allegations of wrongdoing by money manager Bernard Madoff."
msnbc.msn.com

Bernard Madoff arrest: "Some of the biggest names in global finance say they have lost hundreds of millions of dollars in an alleged $50 billion 'pyramid scheme' that led to the arrest of a New York financier last week."
cnn.com/2008/BUSINESS/12/15