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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>http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former Nasdaq chairman charged with fraud.</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]].

==Silver Lining==

==Silver Lining==

Abortion groups invested heavily in Madoff. The result, Planned Parenthood is laying off about 20 percent of its staff. Another Madoff investor, the Florida-based Picower Foundation shut down in December. The foundation was worth $1 billion and is one of the top financial backers of pro-abortion groups. The JEHT Foundation gave $24 million in 2008 to abortion groups as well as the ACLU, also announced closing its doors in December. <ref>[http://www.newsmax.com/insidecover/madoff_funding_abortion/2009/01/12/170584.html Madoff Scandal Rocks Pro-Abortion Groups] NewsMax, January 12, 2009</ref>

[[Abortion]] groups invested heavily in Madoff. The result, [[Planned Parenthood]] is laying off about 20 percent of its staff. Another Madoff investor, the [[Florida]]-based Picower Foundation shut down in December. The foundation was worth $1 billion and is one of the top [[financial]] backers of pro-abortion groups. The JEHT Foundation gave $24 million in 2008 to abortion groups as well as the [[ACLU]], also announced closing its doors in December. <ref>[http://www.newsmax.com/insidecover/madoff_funding_abortion/2009/01/12/170584.html Madoff Scandal Rocks Pro-Abortion Groups] NewsMax, January 12, 2009</ref>

== External links ==

== External links ==