Wealthy Investors Swindled

December 12, 2008 4:13 PM

Bernard Madoff, a former head of NASDAQ, was taken into custody after reportedly admitting to losing about $50 billion in investors' funds in a "Ponzi" scheme, reports Armen Keteyian.

  • Read Story
    • Recommended
    • Paula Deen Hit in Face with Ham Paula Deen Hit in Face with Ham

      0:34 November 23, 2009

    • Marijuana Treats Help Autistic Boy? Marijuana Treats Help Autistic Boy?

      1:50 November 20, 2009

    • The Rewind: Palin, Obama on the Road The Rewind: Palin, Obama on the Road

      2:29 November 20, 2009

    • Murder-for-Hire Caught on Tape Murder-for-Hire Caught on Tape

      0:54 November 19, 2009

    • Pediatric ER Fights H1N1 Pediatric ER Fights H1N1

      1:57 November 19, 2009

    • Childhood H1N1 and Pneumonia Childhood H1N1 and Pneumonia

      1:45 November 19, 2009