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Line 11: + − *[http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former Nasdaq chairman charged with fraud.]
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'''Bernard L. Madoff''' (born April 29, 1938) is a former chairman of the [[Nasdaq]] stock exchange, founder of Bernard L. Madoff Investment Securities, and the central figure of the [[Ponzi scheme]] story broken on December 11, 2008.
'''Bernard L. Madoff''' (born April 29, 1938) is a former chairman of the [[Nasdaq]] stock exchange, founder of Bernard L. Madoff Investment Securities, and the central figure of the [[Ponzi scheme]] story broken on December 11, 2008.
He was arrested and charged on December 11 with securities fraud- his Investment Securities was, according to his own words after his arrest, "Basically a giant Ponzi Scheme." <ref>1</ref>
He was arrested and charged on December 11 with securities fraud- his Investment Securities was, according to his own words after his arrest, "Basically a giant Ponzi Scheme." <ref>http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former Nasdaq chairman charged with fraud.</ref>
Before his arrest and during much of his life, Madoff was involved in [[philanthropy]].
Before his arrest and during much of his life, Madoff was involved in [[philanthropy]].
==References==
==References==
<references/>
[[Category:Economics]]
[[Category:Economics]]