BERNARD LAWRENCE

Bernard Lawrence

Bernard Lawrence

1.

Mad off Bernie (born April 29, 1938) is a securities dealer, investment adviser, non-executive chairman of the Nada Stock Market, and admitted that the operator has been described as the largest system of Penza in the history. He turned the wealth management business in a massive program of Penza, which defrauded investors of trillions of dollars. Mad to say it began in Penza regime in early 1990. The fraud began in 1980, and investment operations, has never been legitimate. Number of running out of client accounts, including profits, it was almost $ 65 billion. Estimated losses of real investors $ 18 billion. June 29, 2009, he was sentenced to 150 years in jail, the greatest allowed. Mad drawn from Wall Street firm Bernard L. Mad investment securities of companies in 1960 and was its chairman until his arrest on December 11, 2008. The company was a major market maker firms on Wall Street, to circumvent the "specialist" companies directly executing commands on the counter of retail brokers("Bernard, 2009).

Investors - have lost their money

Employees - lost their jobs

Business Partners - You lost your reputation

2.

Bernard L. on Mad was arrested for what may be the largest financial fraud in history, with investors losing potentially totaling up to $ 50 billion. According to the accusation filed by the Securities and Exchange charge, Mr. Mad over the years paid some investors returns of capital received from other investors - a classic, but very wide, Penza regime. Wealthy individuals, charitable foundations and hedge funds and other sophisticated financial institutions have been affected by the alleged fraud.

Although details are still there, press reports indicate that Mr. Mad Plan are held in investment advisory arm Bernard L. Mad Investment Securities LLC ("BMIS"), which was filed with the SEC as a securities broker and investment adviser.1 It is not clear how the regime escaped the attention of the SEC or the Financial Industry Regulatory Authority, a self-regulatory organization responsible for the regulation of brokering and dealers.2 SEC Chairman, "reported Mr. Mad leave, may be stored a few sets of books and documents falsified, and may have provided false information to investors and regulators. Some show the press that the regime could be run from a non-registered investment funds controlled by Mr. Mad, although it is unclear. Anyway, the mad scandal and the inability of regulators to determine for sure it will be a ...