Friday, December 12, 2008

BBC NEWS | Business | $50bn fraud charge at hedge fund

The former chairman of the Nasdaq stock market has been arrested and charged with securities fraud, in what may be one of the biggest fraud cases yet.Bernard Madoff ran a hedge fund which ran up $50bn (£33.5bn) of fraudulent losses and which he called "one big lie", prosecutors allege.
BBC NEWS | Business | $50bn fraud charge at hedge fund
Blogged with the Flock Browser

No comments: