Hedge fund manager arrested after confession: my fund just a “giant ponzi scheme”

Renowned trader and former chairman of the Nasdaq Stock Market Bernard Madoff has been arrested and will apparently plead guilty to fraud. (This is the Wall Street everyone has been talking about lately, up close and personal.)
Madoff Confessed $50 Billion Fraud Before FBI Arrest
Dec. 12 — Bernard Madoff confessed to employees this week that [...]