Categorized | Police

Bernard Madoff Arrested

Bernard Madoff, also popularly referred to as Bernie, founded the controversial financial firm called Bernard L. Madoff Investment Securities, which was talked about a lot among other financial guys. Now Bernie is infamous because he was arrested by Federal Bureau of Investigation agents and charged with fraud.

Charges leveled against Bernard Madoff aver that he told senior employees his firm Bernard L. Madoff Investment Securities was in fact “a behemoth of a Ponzi scheme” after they attempted to spread “couple of hundred million dollars” he had remaining before calling himself in to the government suits.

According to my sources in the financial industry, the so called Ponzi Scheme involved multiples of billions of dollars.

Wow, this guy is the modern Michael Milken or what. Do you guys dabble quite a bit in financial industry? Whats your take on this. Let everybody know below.

Bernard Madoff Wiki

Bernard Madoff is an ex student of Hofstra University and his firm, the activities of which led the FBI to arrest him under Ponzi Scheme was founded in 1960. Quite old and reputed. Another surprising fact is that this firm was started with an initial seed investment of just $5000 back then. I can’t say if that was a huge amount of money but where there is will, there is a way.

Many of you financial students and followers would be surprised to know that his firm – Bernard L. Madoff Investment Securities -  was one of the five most dynamic corporates in the maturation of the NASDAQ, and not only this, but Mr Madoff himself served as its chairman and sat on its board of governors.

Madoff, 70, is Jewish and an outstanding member of the powerful US Jewish community before the scandal hit the headlines around the world. I recall watching a clip on TV, after the news broke, where Bernie is walking down the streets in Manhattan and he gets pushed and shoved by the journalists. It was quite demeaning.

Do you know any other trivia about this white collar potential criminal? Write your thoughts below. (Please be civil, as it goes again my site sponsors editorial policy. Thanks).

Also check out my article on the first victim of this fraud – Rene Thierry Magon De La Villehuchet

    56 Responses to “Bernard Madoff Arrested”

    1. karel says:

      would he be Jewish?

    2. Charles says:

      no, he is not a “Jew” (Romans 2:28-29); rather, Bernard Madoff is, as hitler (i.e. adolf Rothschild), an ashkeN*ZI, of “The Synagogue (babylon) of Satan”, As CHRIST JESUS Calls Them, Precisely!!!

      I try to teach them TRUTH, but they all reject TRUTH, as they are of their father, satan, sadly.

      May All Repent!!!



    3. Thadius says:

      What did he do, exactly? All I hear is that he committed fraud. What were the details?

    4. Dudz says:

      To answer Rich: He’s a huge Democratic senatorial campaign committee donor and a donor to Senator Lautenberg (D). He once made a donation to a Republican (Saul), but withdrew it immediately. Gave it to D’s instead. Look him up on Bush & Co; lol!

    5. greg says:

      Sorry to say he was a large donor to OBAMA. But, are you really surprised.

    6. joe says:

      jews stealing another jew,damon

    7. Laurence says:

      “an ashkeN*ZI” really… Americans seem to have more than your fair share of lunatics.

    8. Grace says:

      Who cares if he is Jewish. That is not the point. What about the Enron guys, MCI guys, Bush, Bernake, Paulson, Jackson, Sharpon, Jagoblich…all Christians doing damn bad and stupid things. This is not a race or religion issue folks. It is a scumb bag issue.

    9. freddy says:

      He is an employee and disciple of the Rothschild who are behind this incredible fraud. We jews should be ashamed of these scumbags fellows as Christians of theirs

    10. John says:

      After reading about Madoff, I googled Madoff another Jew? That’s how I got here.

      rich: that’s also what I wanted to know.

    11. abdul hakiem says:

      Yassar Arafat was the king o Ponzi, he cheated palestinian people of out millions
      of relief money, that was one slick Muslim.

    12. eddie in australia says:

      I was born and raised in Rockaway Beach, Queens, New York which was a great place to grow up. I am in Australia now but someone has told me that Bernie Madoff was from the Rockaway Peninsula and went to Far Rockaway High School. I don’t think the people of Rockaway want to claim him as a former resident but can you confirm/deny this for me?



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