| $50 Billion Fraud Scheme |
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| Written by Peter Almberg | |
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Longtime Wall Street investor Bernard Madoff is charged with allegedly running a hedge fund that US prosecutors say racked up billions of fraudulent losses. The 70-year-old investor founder of Bernard L. Madoff Investment Securities was best known as chairman of the Nasdq Stock Market in the early 1990s. If true, the case may rank as one of the biggest frauds in history. Manoush Zomorodi reports from New York. SOUNDBITE: Thomas Gorman, Porter Wright. This video is from Reuters. $50 Billion Fraud Scheme 
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