Right Angles

Archives

On December 10th, 2008, Bernard Lawrence (“Bernie”) Madoff turned himself in to the U.S. Securities and Exchange Commission (SEC). Having chosen the time and date of his surrender, Madoff told two senior SEC officials that he was “finished,” that he had “absolutely nothing,” that “it’s all just one big lie,” and that it was “basically, a giant Ponzi scheme.” The following day, the SEC issued a statement: “The senior employees understood him… Read More