Former Nasdaq chairman Bernard Madoff was arrested Thursday and charged with a single count of securities fraud for allegedly operating a multibillion-dollar Ponzi scheme from his investment advisory business, federal authorities said.I mean, where is the reference to our Valiant Fighting Forces winning against International Terrorism!!!
Madoff, 70, operated the advisory business separately from his Bernard L. Madoff Investment Securities, a securities broker dealer with its principal office in New York City, the Department of Justice said.
"We are alleging a massive fraud - both in terms of scope and duration," said Linda Chatman Thomsen, Director of the SEC's Division of Enforcement. "We are moving quickly and decisively to stop the fraud and protect remaining assets for investors, and we are working closely with the criminal authorities to hold Mr. Madoff accountable."
A source with knowledge of the investigation told CNN that Madoff appeared in court Thursday and bail was set at $10 million bond. The bond was signed and Madoff was released.
[ cf Ex-Nasdaq chair arrested for securities fraud ]
Where is the deepening Concern about how Gay HomoZeXual Marriages cause the complete Moral Collapse of people who should have known better about the moral hazards that arise when the Free Trade In Free Markets is corrupted by people who would want to prevent the free market from deciding the value of a Senate Seat!!!
You Know, Support the Troops To Support The President To Win Against the Evils of Liberalism....
And NOT ONE mention of the clear and compelling reason that a Permenant Capital Gains Tax Cut is mandatory for stopping the Horrors of the Gay HomoZeXual Marriages!!!
Oh yes, and maybe someone should work out why it is that a Ponzi Scheme should be considered a not Gooder Thing, since Clearly the Free Trade In Free Markets were working perfectly fine up till now...