MADOFF INVESTMENT SCANDAL MAJOR CASE STOCK SECURITIES FRAUD DISCOVERED BERNARD MADOFF NASDAQ CHAIRMAN FOUNDER THE WALL STREET FIRM BERNARD MADOFF INVESTMENT SECURITIES WEALTH MANAGEMENT ARM BUSINESS PONZI SCHEME MADOFF THE FIRM EMPLOYED BROTHER PETER SENIOR MANAGING DIRECTOR CHIEF COMPLIANCE OFFICER PETERS DAUGHTER SHANA MADOFF RULES COMPLIANCE OFFICER SONS ANDREW PETER SENTENCED IN PRISON MARK COMMITTED SUICIDE HANGING FATHERS FEDERAL AUTHORITIES ARRESTED PLEADED GUILTY FEDERAL CRIMES LARGEST PRIVATE RESTITUTION THE ORIGINAL LIABILITIES BILLION PROSECUTORS SIZE FRAUD AS OF OPPORTUNITY COST TAXES PAID HALF DIRECT INVESTORS NO MONEY ACCOUNTING FRAUD AMERICAN DETERMINED INVOLVED SECURITIES AND EXCHANGE COMMISSION UNDER FIRE QUESTIONS RAISED THE PROCESS LIQUIDATION MARKET MAKER WALL STREET PERSONAL ASSET FREEZE CHAIN REACTION WORLDS FORCING ORGANIZATIONS ROBERT CHARITABLE FOUNDATION PICOWER FOUNDATION THE JEHT FOUNDATION IN AS PENNY STOCK TRADER LIFEGUARD FLEDGLING GROW ASSISTANCE ACCOUNTANT SAUL ALPERN CIRCLE OF FRIENDS MARKETS QUOTED THE NATIONAL QUOTATION BUREAU PINK SHEETS ORDER COMPETE FIRMS THE NEW YORK STOCK EXCHANGE TRADING STOCK EXCHANGES INNOVATIVE COMPUTER INFORMATION TECHNOLOGY DISSEMINATE TRIAL HELPED DEVELOP SECURITIES ACTIVE THE NATIONAL ASSOCIATION OF SECURITIES INDUSTRY THE CHAIRMAN THE BOARD OF DIRECTORS BOARD OF GOVERNORS THE WALL STREET JOURNAL THE MASTERS THIRD MARKET BANE SIPHONS HUGE VOLUME AWAY BIG BOARD THE MILLION AVERAGE DAILY EXECUTED ELECTRONICALLY THE EXCHANGE NEW YORK EXECUTE QUICKLY ACTUALLY PAYS BROKERAGE FIRMS PENNY SHARE CUSTOMERS SPREAD ASKED PRICES STOCKS TRADE FAMILY MEMBERS FOR HIM YOUNGER BROTHER COMPLIANCE CHARLES WEINER ANDREW MADOFF INVESTED MONEY BELIEVE INVESTMENT MANAGEMENT DIVISION BEGUN HIMSELF FRAUDULENT TRADED UP TO TOTAL PAYMENT FOR ORDER FLOW BROKERS ORDERS PRACTICE LEGAL KICKBACK GAVE DISTINCTION DEALER TRANSACTION ACADEMICS ETHICS PAYMENTS ALTER THE PRICE CUSTOMER VIEWED FLOW NORMAL BUSINESS PRACTICE YOUR GOES BUY STOCKINGS DISPLAY COMPANY ISSUE ATTENTION OVERRATED TRADERS THE BUSINESS LIPSTICK BUILDING HEDGE FUND STAFF BRANCH OFFICE LONDON HANDLED INVESTMENTS HIS FAMILY REMOTE CAMERAS THE LONDON OFFICE MONITOR EVENTS EXPLAINED STRATEGY THE RETURNS REALLY NOTHING SPECIAL THE STANDARD INDEX ANNUAL RETURN SURPRISED THOUGHT MATCHING ANYTHING THE MAJORITY MONEY MANAGERS THE JOURNAL FUTURES OPTIONS CUSHION MADE UP THE COST CAUSED TRAIL STOCK MARKETS MARKET TIMING SALES PITCH INVESTMENT STRATEGY CONSISTING OF PURCHASING TAKING CONTRACTS SOMETIMES CONVERSION COLLAR POSITION CONSIST OWNERSHIP CORRELATED THE SALE THE INDEX PURCHASE PUTS THE CALLS INCREASE RATE OF RETURN UPWARD THE STRIKE PRICE SALES LIMIT AVELLINO INTERVIEW DISCUSSED FUNDS CONVERTIBLE ARBITRAGE POSITIONS PROMISED INVESTMENT RETURNS FUTURES CONTRACTS STOCK INDEX PUT OPTION THE STOCK MARKET CRASH PERFORMING DUE DILIGENCE REPLICATE PAST RETURNS HISTORIC DATA BARRONS THE POSSIBILITY FRONT RUNNING BROKERAGE MITCHELL ZUCKOFF PROFESSOR JOURNALISM BOSTON UNIVERSITY AUTHOR SCHEME THE TRUE STORY OF FINANCIAL SAYS RULE FEDERAL LAW PRIVATE FOUNDATIONS TO GO UNDETECTED PERIOD MANAGED MONEY FOR EVERY FOUNDATION EFFECTIVELY ON THE HOOK REAL RATE PRINCIPAL LAST TARGETING THE THREAT SUDDEN UNEXPECTED GUILTY PLEA THE EARLY DAVID SHEEHAN PRINCIPAL INVESTIGATOR OPERATION NONEXISTENT RATHER HIGH MODEST EXCLUSIVE CLIENTELE INVESTMENT METHOD MARKETED OUTSIDERS SECRETIVE KEPT FINANCIAL STATEMENT CLOSELY GUARDED THE NEW YORK POST REPORTED JEW CIRCUIT JEWS COUNTRY CLUB LONG ISLAND PALM BEACH THE NEW YORK TIMES COURTED JEWISH THE ASSOCIATED PRESS TRUSTED EZRA MERKIN WHOSE FUND ASCOT PARTNERS TARGETS PARTICULAR RELIGIOUS ETHNIC COMMUNITY TYPE AFFINITY FRAUD ARTICLE IDENTIFIED AFFINITY MASTER APPEARANCE VELVET ROPE GENERALLY REFUSED MEET AURA ALLURE CASE GET BACK ANNUAL FACTOR PONZI SCHEMES COLLAPSE FOCUSING SHARES PREVIOUS AT THE END AMID GENERAL MARKET TOTAL RETURN NEGATIVE UNNAMED INVESTOR AMAZING DECADES IF YOU WANTED ALWAYS CHECK IN STUNNED SWISS UNION BANK BELIEVED EDGE THE MARKET TIMED FAMILY ACCESS WASHINGTONS REGULATORS TRADE GROUP FINANCIAL MARKETS ASSOCIATION PRIMARY MERGED THE BOND MARKET ASSOCIATION SIFMA TERMS MEMBER BOARD OF DIRECTORS PETERS RESIGNATION SCANDAL BROKE CRITICISM LINKS RELATIONSHIPS MADOFF FRAUD THE YEARS BROTHERS TENS THOUSANDS DOLLARS SPONSOR INDUSTRY NIECE THE EXECUTIVE COMMITTEE OF RESIGNED UNCLES MARRIED ASSISTANT DIRECTOR SECS ERIC SWANSON WHOM UNCLE BERNIE MADOFF THE INVESTIGATION SWANSON LEFT ENGAGED TO SPOKESMAN INQUIRY AFFILIATES RELATIONSHIP EIGHT TIMES FEEDER FRANK WIFE CAREER PARTNER THE ACCOUNTING INVESTING MYSTERY CONTROVERSIAL FIGURE WALL INVEST IRA SORKIN ACCUSED SELLING REPORT YEARLY LOOK DEEPLY NEVER PUBLICLY ONCE RETURN THE MONEY SHUT DOWN UNDERGO FINE FEDERAL JUDGE PRICE WATERHOUSE FEES THE JUDGE THE BILL TRACKED INVESTIGATION RIGHT THE MIDDLE THE NASDAQ STOCK MARKET THE POOLS MUSHROOMED NINE FEARED MIGHT BE WE WENT THINKING MAJOR NEARLY TOTALLY OUTSIDE THE SYSTEM WE CAN PRETTY