Bernard Madoff (2008)

Bernard Madoff, the former chair of the Nasdaq and founder of the market-making firm Bernard L. Madoff Investment Securities, was turned in by his two sons and arrested on Dec. 11, 2008, for running a widespread Ponzi scheme. The then 70-year-old kept his hedge fund losses hidden by paying early investors with money raised from others. This fund consistently recorded an 11% gain every year for 15 years.18 The fund's supposed strategy, which was provided as the reason for t

As long as AA don delisted or bankrupt, who says the price can not touched RM 1.00. After restructure and shading off the pn17 status anytime it will rebound. But must wait...for at least 2 coming qtrs result, improved earnings or ko...