Investor Arrested, Fraud Case, Ponzi Scheme, Wall Street, Financial Scam, Securities LLC, Market-Making Firm, Hedge Fund, Estimated Investor Losses, Presidential Election
PM News . 12 December 2008 . Pg 1
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Summary
Summary may not be accurate; generated by machine learning.
Bernard Madoff, a prominent investment manager, was arrested and charged with running a $50 billion Ponzi scheme. The Supreme Court confirmed President Umar Yar'Adua as the winner of the 2007 presidential election, dismissing petitions filed by other candidates. The Lagos State Government plans to demolish thousands of houses along a major road to expand the road to 10 lanes.
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