Bernie Madoff

2651 Words Jul 11th, 2011 11 Pages
Bernie Madoff Research Project Abronia S. Young D03202587

On March 12, 2009, Madoff pleaded guilty to 11 federal offenses, including securities fraud, wire fraud , mail fraud , money laundering, making false statements, perjury, theft from an employee benefit plan, and making false filings with the SEC.

The Fraud
In March 2009, Madoff admitted that since the mid-1990s he stopped trading and his returns had been fabricated. Madoff's sales pitch, an investment strategy consisted of purchasing blue chip stocks and taking options contracts on them, sometimes called a split-strike conversion or a collar. Typically, a position will consist of the ownership of 30–35 S&P 100 stocks, most correlated to that index, the sale of
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Frank Lautenberg | | Robert Lap pin Foundation | | Wunderkinder Foundation | | BNP Paribas | | Ira Rennert | | Englebardt Family | | Swiss Private Bank of Reichmuth & Co | | Union Bancaire Privee | | EIM Group | | UBS | | Stephen A Fine | | Avram and Carol Goldberg | | Helfman | | Saul Katz | | Irwin Kellner | | Carol and Ruth Shapiro | | Fairfield County, Connecticut | | Royal Bank of Scotland | 330,000,000 | Nomura | 302,000,000 | Aozora | 137,000,000 | Various Boston Families | | Jeff Katzenberg | | Gerald Breslauer | | Yeshiva University | | Jewish Federation of Greater Washington | 10,000,000 | Noethshore - Long Island Jewish Health systems | 5,700,000 | Razmaz School | | Chais Family Foundation | | SAR Academy | | JEHT Foundation | | Arpad Busson | | Accts Scott Sosnik & Larry Bell | | Swiss Insurer Baloise | 13,000,000 | Swiss Re | | Burt Ross | 5,000,000 | Maimonides School | 3,000,000 | Charles and Cindi Nadler | 10,000,000 | Tufts University | 20,000,000 | Alexandra Penney | | Robert Chew | | Fair Food Foundation | | Pasha and Julie Anwar | | Pedro Almodovar | |

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