Feds Charge: The $50 BILLION Scam: One Man's Amazing Crime

A powerful New York financial advisor whose handful of clients routinely expected -- and received -- double digit returns, up market or down, may have instead been running a decades long Ponzi scheme that defrauded investors of $50 billion dollars, according to a one-count criminal complaint unsealed in federal court in New York. Bernard Madoff, 70, a former chairman of NASDAQ, was an investment advisor who catered to a handful of high net worth clients, one of whom told ABC News that Madoff...Full Story
Commenting on this article is closed.