BuzzFeed
Bernard Madoff
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madoff
Madoff is super hot on the BuzzFeed Network right now. Here's all the best viral buzz on Madoff.
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How To Flee The Country
Culture Buzz I still don't get why Madoff didn't run or ride the bullet train. Here are the things you need to do if you've got means and need to flee the country.
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Video: Cookie Monster as Bernie Madoff
C is for Crooked, that's good enough for us. If we had the time, we'd totally have done a Rod Blagojevich parody with this Cabbage Patch Doll.
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Image: Madoff Victims Map
An awesome google maps project showing every victim of Madoff's ponzi scheme. You can search by victim name, or just gaze at the sea of red over Manhattan.
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Link: Harry Markopolos
http://nymag.com/daily/intel/2009/02/harry_markopoulos_is...
![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png)
Harry Markopolos tried for years to convince the SEC that Bernie Madoff was running a giant Ponzi scheme. Now he's testifying before Congress and accusing the SEC of being “captive to the industry it regulates.” He's also saying the Wall Street Journal passed up a chance to break the Madoff Ponzi scheme story.
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Madoff Avoids Jail (For Now)
Business Buzz Despite having sent a cool million dollars worth of jewels to friends and family over the holidays, the alleged mastermind behind arguably a $50 billion Ponzi Scheme - the largest financial fraud in history - was given permission to remain under house arrest in his Manhattan penthouse on $10M bail. How long can a guy be cooped up in a sprawling penthouse before getting sick and tired of taking baths in a jacuzzi filled with gold? Our heart goes out.
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Madoff Suicide
Business Buzz Thierry Magon de la Villehuchet was found in his office this morning with multiple stab wounds, with pills and a box cutter nearby. De La Villehuchet was the CEO of Access International Advisors, which had invested $1.4 billion with accused Ponzi schemer Bernard Madoff. He is thought to have committed suicide, and he's a hot topic on Google right now, as everyone tries to learn more about his connection to the Madoff scandal.
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Link: Thierry Magon De La Villehuchet
http://dealbook.blogs.nytimes.com/2008/12/23/head-of-fund...
Rene-Thierry Magon de la Villehuchet, the 65-year-old founder of a hedge fund in NYC, committed suicide in his office today. His fund, Access International Investors, had lost over $1.4 billion in the Madoff scandal. According to Bloomberg, “de la Villehuchet was found 'with his feet propped up on his desk, a trash pail nearby to collect blood,' and no sign of a second person. De la Villehuchet had 'multiple stab wounds' to his arms and wrists, and a box-cutter and pills were found nearby.”
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Ponzi Scheme
Business Buzz With the arrest of Bernard Madoff for defrauding investors of billions of dollars, everyone's searching for a definition of a Ponzi scheme. Did you know the scam is actually named for a man, Charles Ponzi, who made millions on it back in the 1920's? A basic definition: An investment scam based on paying early investors with money from later ones, all the while skimming some off for yourself, and eventually everything falls apart.
