Bernard Madoff, former chairman of the Nasdaq stock exchange founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960 and was its chairman until December 11, 2008.
He was charged for committing the largest investor fraud.
Bernard Madoff, a former chairman of the Nasdaq exchange, was arrested for running a $50-billion Ponzi scheme. His operation is said to be the largest Ponzi scheme in history.
He is under house arrest until his indictment, which is likely by mid-March 2009.
Image: The home of Bernard Madoff in New York.| Photograph: Chip East/Reuters
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