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Vast Madoff Options Scheme Didn't Add Up

SEC unfurls $50B scam that should have been obvious

By Clay Dillow, Newser Staff

Posted Dec 16, 2008 8:59 AM CST

(Newser) – For every detail that emerges from the 17th-floor office of Bernard Madoff, two more inconsistencies arise. A federal judge ordered the liquidation of Madoff’s eponymous investment firm and a federal agency has begun to try to compensate clients. Meanwhile, scrutiny of clients' financial statements... Read full story »

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Vast Madoff Options Scheme Didn't Add Up

SEC unfurls $50B scam that should have been obvious

private equity • trading • stock options • defrauding investors • hedge funds • Bernard Madoff

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More Newser Stories

Fund Warned Clients Madoff 'Could Abscond With Assets'

Kingate Global's prospectus highlighted risks associated with Madoff Securities

Madoff Fraud Will Hit Hedge Funds Hard

$50B Ponzi scheme will stagger funds, send investors to exits

Madoff Brother Eyed for Not Reporting Scam

Fraudster may have confessed to brother before he told his sons

Middlemen Lose Billions in Madoff Fraud

Hedge funds that sold access to Ponzi scheme face collapse

Madoff Victims May Be Able to Sue Middlemen

Feeder funds could be headed to court

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