Monday, December 15, 2008

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."

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."



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