Word: bernard
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
That the e-mail came just days after Wall Street trader Bernard L. Madoff had been accused of running a $50 billion Ponzi scheme—the largest in history by a single individual—made Flier and Kahn immediately suspect that something was amiss. The doctors were on their way to meeting to present the results of their diabetes research thus far to Picower, whose foundation supported the work...
...with great sadness that I write to inform you that the Picower Foundation has ceased all grant-making, effective immediately, and will close its doors in the coming months,” Picower wrote. “The foundation’s endowment was managed by Bernard L. Madoff, who, as you well know, was arrested on Dec. 11 for securities fraud...
...Madoff, Bernard •badness of - on so many levels - for the Jews •hustling people out of $50 billion by is somehow deemed by courts to be a minor enough offense to warrant part-time house arrest - in a luxury apartment, with the freedom to come and go as desired between 9 a.m. and 7 p.m. - rather than actual, you know, 24-hour-a-day JAIL...
...KPMG, PricewaterhouseCoopers, BDO Seidman and McGladrey & Pullen all gave clean bills of health to the numerous funds that invested with Bernard Madoff and his asset-management firm. Clients say the large accounting firms signed off on statements that said the Madoff investment vehicles had billions of dollars in assets as well as an unlikely track record showing years of always-positive returns. The billions have vanished, and the impressive returns now look to have been made up. See the top 10 financial collapses...
...York Anatomy of a Scam Celebrated money manager Bernard Madoff was arrested for allegedly bilking investors out of up to $50 billion in a Ponzi scheme described as one of history's largest swindles. The scam's blueprint hasn't changed much since Charles Ponzi's 1920 fraud: 1 Entice investors by promising an unusually lucrative rate of return. 2 Use a portion of the raised capital to pay out early dividends, thereby giving the appearance of legitimacy--which in turn attracts more investors. 3 Pay off earlier investors with money accrued from later victims. 4 When no further capital...