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Madoff's clients and the stocks he owned
Bernard Madoff worked as a lifeguard to earn enough money to start his own securities and hedge fund firm in the 1960s which touted compounded returns of 18 to 20% annually. Last month, the former chairman of the NASDAQ stock market was arrested and charged with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever and may spark unprecedented, global securities reform.
Who were Maddoff's suckers?
Some of Madoff's high profile investors include:
- Movie director Steven Spielberg
- Britain's largest bank HSBC
- NY Mets owner Fred Wilpon
See the complete list of Maddoff's clients here.
What stocks did Maddoff buy to generated the allegedly high yields?
According to the September 30, 2008 SEC filing...
Source:
Wall Street News Network Attachments:
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