Madoff Accused of Defrauding Global Clients

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Uploaded by on Dec 18, 2008

The Wall Street money manager accused of a $50 billion fraud was placed under house arrest Wednesday in New York. The court required Bernard Madoff to wear an ankle bracelet that allows police to track his location in a case that is reverberating globally. Major banks and individuals worldwide are saying that they, too, have been bilked in what some are calling the greatest financial fraud case in history. A federal agency and Congress are investigating but investigators say they still do not know the full impact of what Madoff and his firm have done. VOA's Jeffrey Young has details.

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  • You dne a great job bernie of screwing the smug and greedy - you should run for president

  • Madoff's scam is NOTHING compared to the Paulson/ Bernanke scam.

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