Friday, March 13, 2009

NY Times: Untangling the Madoff Case (Video Report)

  • Bernard Madoff facing charges for multi-million dollar fraud
  • Millions of dollars will never be accounted for as a result of the Ponzi scheme
  • By using untrained and inexperienced employees, Madoff was able to create the illusion of active trade
  • Federal Prosecutors seeking to charge anyone who aided Madoff in his scheme, and are looking into the possibility that his family was involved
  • Even if the family was not involved, representatives of victims aim to have Madoff family assets siezed and distributed amongst victims
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1 comment:

  1. John MartinMarch 22, 2009 at 2:14 PM

    Chris, you are analyzing news content, not the writing elements. Review the criteria.
    http://www.johnmartincommunications.com/RWU/COMM111/resources_criticalreading.asp

    ReplyDelete

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