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Q:Question:Bernard L. Madoff: The Fraud of the Century On December 11, 2008, Bernie Madoff was arrested on one count of securities fraud. The arrest came

Q:Question:Bernard L. Madoff: The Fraud of the Century On December 11, 2008, Bernie Madoff was arrested on one count of securities fraud. The arrest came one day after Madoff admitted to his two sons that his entire investment advisory business was just one big Ponzi scheme. In the early part of 2009, Madoff pled guilty to 11 counts of fraud, perjury, and money laundering. As a result, Madoff was sentenced to 150 years in prison. How did Madoff defraud

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