Monday, 15. December 2008
Topic: STRANGE - on December 15, 2008 at 5:44:49 PM CET
Revealed: desperate final hours of the world's biggest ever financial fraud
Bernard Madoff, one of Wall Street's most respected financiers, apparently planned to carve up his last $300m (£200m) between friends, family and employees before making the shocking confession that his investment prowess was really the result of one of the world's biggest ever frauds.
But, according to the Federal Bureau of Investigation, the 70-year-old could not implement his plan before his huge pyramid scheme - whose 10-12% annual returns had attracted top-flight investors around the globe - collapsed with losses of at least $50bn
... Comment
