Nasdaq former leader arrested

New York, THURSDAY - Former leaders exchange Nasdaq, L Bernard Madoff, detained because of securities fraud in New York, on Thursday (11/12) local time. Madoff (70) established the Bernard L Madoff Investment Securities LLC. Madoff suspected of doing business investment that lead to false loss of about 50 billion U.S. dollars. He created a separate business investment that serves 11-25 customers. Total funds invested about 17.1 billion U.S. dollars, said the prosecutor. Madoff released after paying 10 million guarantee U.S. dollars. He refused comment when out of the district court in Manhattan.

Criminal complaints signed by FBI agent Theodore Cacioppi mentioned, Madoff said to have three employees that business investment is a fraud and bankruptcy have been for many years and losers around 50 billion U.S. dollars.

Ponzi scheme
Madoff also told employees that he had "exhausted" and "not have any more", "business is hogwash large", "business is just Ponzi scheme in the large-scale".Ponzi scheme is bulging investment that offers very high profits with other investors use the funds. The officials also understand that the recognition Madoff also shows he has been for many years to give benefits to some investors using investment funds that he received from other investors who recently entered. Letters of complaint did not identify the investors who have become victims.

Cacioppi said, mentioning two senior employees, Madoff will have to submit themselves the authorities. He also had the fund 200 million-300 million U.S. dollars from the rest of the money that belongs to selected employees and some family and friends