Bernard Madoff , former chairman of NASDAQ stock exchange, faces a maximum sentence of 150 years in prison. He may have defrauded his clients of almost $65 billion, making this the largest investor fraud ever committed by a single person. Today, Madoff pled guilty to an 11-count criminal complaint admitting to defrauding thousands of investors through a massive Ponzi scheme.
Source:msnbc news
Date: 03-12-09
Link: What's the proper penalty for Madoff?
(Week Eight)
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