错误/郑愁予 我打江南走过,那等在季节里的容颜如莲花的开落。东风不来,三月的柳絮不飞,你底心如小小的寂寞的城,恰若青石的街道向晚。跫音不响,三月春帏不揭,你底心是小小的窗扉紧掩。我达达的马蹄是美丽的错误,我不是归人,是个过客……
Friday, December 12, 2008
Bernard Madoff arrested over alleged $50 billion fraud
Bernard Madoff arrested over alleged $50 billion fraud
NEW YORK (Reuters) – Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever.
The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses.
Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him.
A Ponzi scheme is a swindle offering unusually high returns, with early investors paid off with money from later investors.
See full text here => http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest
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