Madoff Fraud
In December 2008, Man Group revealed it had invested US$360 million in Bernard Madoff's ponzi schemes on behalf of their clients through Man Group's RMF fund of funds.
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Famous quotes containing the word fraud:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)