|
|
05 Jul 2009
A former non-executive chairman of NASDAQ, Madoff was sent to a federal prison with no chance of parole. Federal prosecutors estimate client losses at $65bn; incredibly, Madoff’s scheme went unnoticed since inception in 1960, despite more than one investigation by the Securities & Exchange Commission since 1999.
Among the ‘victims’ of the fraud are celebrities including film director Steven Spielberg, actor Kevin Bacon and TV host Larry King and, from the UK, Lady Victoria de Rothschild and Lord Anthony Jacobs.
But Madoff did not discriminate in taking funds from those of more modest wealth. Said one attendee to the court ruling: “He stole from the rich. He stole from the poor. He stole from the in-between. He had no values.”
advertisement
Financial Director's panel of experts looks at the key pressures facing FDs and examines how they can deploy their ERP system in the most effective way
FDs should be inventive about how they use assets to fund their company pension schemes
advertisement
Email Newsletters
Email Newsletters
Please enter your email below to receive your profile link
advertisement
Search by job title, salary, or location - we only list senior financial roles
8.30am, 14 Jun 2012
The Financial Director Summit 2012 will provide a unique platform in which to share, compare and contrast experiences whilst learning and networking with peers
Our annual day of golfing fun will be held on 12 July at Porters Park Golf Course, Hertfordshire
This paper delves into the many benefits that can be obtained by automating the supplier statement process
UNIT4 works with a huge variety of different organisations across several sectors, and this guide has been built on its experiences and knowledge.These tips will provide you with the tools you need to improve
International qualifications and experience are more important than ever for those wanting to sit at the finance directors’ top table, finds Rachael...
