Casualties mount as Madoff is placed under house arrest

Fri Dec 19, 2008




Details of the spectacular fraud allegedly perpetrated over many years by Bernie Madoff continue to unfold this week as Madoff was placed under house arrest.

Madoff, who ran Bernard L. Madoff Investment Securities, was arrested on December 11 after he allegedly confessed to running "a giant Ponzi scheme" that by his estimates totaled $50 billion.

The fraud, which lasted years, has had wide-ranging impacts on hedge funds,...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI