Worlds Largest Fraud Further Fuels Financial Crisis
Posted on December 17, 2008 by admin in Finance
The world’s biggest fraud in history was revealed when Bernard Madoff, 70 year old Wall Street guru and trader and ex chairman of the Nasdaq Stock Market was arrested last week. He allegedly masterminded a $US50 billion fraudulent Ponzi scheme. Madoff’s arrest and liquidation of his company adds further fuel to the spiraling costs of [...]
