tag:blogger.com,1999:blog-56262192267499996762012-02-08T08:23:25.208-08:00Leehttp://www.blogger.com/profile/06648030942748710222noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-5626219226749999676.post-68644649616549655802008-12-11T16:48:00.000-08:002008-12-11T16:52:49.199-08:00Bernard Madoff is well known in financial circles. Well, guess what? He's been arrested for securities fraud. Here's what lalate.com had to say about the story.<br /><br /><strong style="font-weight: normal;"><span><span name="IL_SPAN">Bernard</span> Madoff arrested! <span name="IL_SPAN"><input name="IL_MARKER" type="hidden">Bernard</span> Madoff has been arrested is for alleged securities fraud, a PONZI scheme. </span></strong> <p><strong><span><span style="text-decoration: underline;">Bernard</span> Madoff, founder of <span name="IL_SPAN"><input name="IL_MARKER" type="hidden">Bernard</span> L. Madoff Investment Securities, was arrested by the FBI for the alleged fraud reports the WSJ late today online.</span></strong></p> <p><strong>Madoff allegedly told senior heads of his company yesterday that it was all “a giant Ponzi scheme”.</strong></p> <p><strong><a href="http://www.marketwatch.com/news/story/Bernard-Madoff-arrested-over-alleged/story.aspx?guid=%7B5D6DD5E3-B670-48CB-8563-D66145F5AE21%7D" rel="nofollow" target="_blank">Reportedly</a> at stake, tens of billions of dollars.</strong></p> <p><span>“Bernard Madoff is a longstanding leader in the <a href="javascript:void(0)" style="border-bottom: 1px solid rgb(0, 153, 0); text-decoration: underline; color: rgb(0, 153, 0);" class="IL_LINK_STYLE">financial services</a> industry,” said defense lawyer Dan Horwitz. “We will fight to get through this unfortunate set of events.”</span></p><p>Here are my thoughts about this.<br /></p>It amazes me that in this post Enron age that we're still having problems with white-collar thieves like Bernard Madoff. With thousands of Americans out of work, he's lining his own pockets!<br /><p><br /><span></span></p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5626219226749999676-6864464961654965580?l=bernard-madoff-fraud.blogspot.com' alt='' /></div>Leehttp://www.blogger.com/profile/06648030942748710222noreply@blogger.com5