American financier and former governor of the Nasdaq was sentenced to 150 years in prison, delivered worldwide agencies. Sentencing is due to “financial pyramid” in which financier stole nearly 65 billion dollars. It is recalled that the March 12th, Madoff face first to the court in New York and is admitted guilty as charged. During the meeting on Monday Madoff receives maximum sentence, said agency AP and specifies that the judge has indicated the unprecedented nature of the offense, resulting in the imposition of fresh punishment. It turns out that not only Madoff financier who is convicted of greshksite or intentional fraud.
Here’s a famous case in the global corporate fraud:
Jerome Kerviel – French broker was held liable in January 2008 for abuse of trust, illegal access to computer networks and the Societe Generale losses amounting to 7 billion dollars. His work is not yet complete. The broker is authorized limit exceeded exposure futures linked to European stock indexes.
Dennis Kozlowski – former CEO of Tyco International was convicted in June 2005 for embezzlement of 400 million dollars of the funds of the company. Kozlowski is in prison for 25 years.
Kenneth Lane and Jeffrey Skiling – Energy giant Enron filed for bankruptcy application in 2001 following a major accounting fraud and a decline in the price of the shares of the company. Both Chief Executive Officer Kenneth Lane and Jeffrey Skiling were sentenced in 2006. Lane died prior to obtaining a conviction and Skiling is now in jail. (was broken from The Big Five, had radically changed the way of presentation of financial statements of companies).
Ebars Bernie – former CEO of telecommunications company World Com Ebars Bernie went to jail on charges of fraud and conspiracy for the Suppression of the company’s financial results. It is estimated that fraud cost investors are about 11 billion dollars (gave the beginning of “Dot-com” crisis).
John Rigas – the largest ever cable company Adelphia filed an application for bankruptcy in 2002. After allegations of corruption among the founders and managers of the company, among which is the chief executive, John Rigas. He was convicted in 2005.
Nick Lewsan – British investment bank Barings goes bankrupt in 1995. After huge losses accrued by the broker Lewsan of forex markets subsequently disguised. Fraud costs the company around 1.4 billion dollar losses. ING Bank buys one British pound and assume all of its debt. Lewsan has laid all his sentence and now is free.
Charles Keating – Keating was charged with fraud, racketeering and conspiracy in 1993 in connection with a bankruptcy in the Lincoln Savings and Loan in 1989 he spent several years in prison before the court to waive the charges in 1996. Failure of Lincoln cost the government of about 3 billion U.S. dollars.
Michael Milkan – pioneer in the marketing of high or dzhankobligatsii Michael Milkan was convicted in 1990. on charges of securities fraud. He was released from prison after less than two years.
Ivan Boeski – recognized guilty on charges of insider dealing in 1986 and shares that gained most of his wealth amounting to 200 million dollars using illegal information.
Hunt Brothers – senior officials of the oil company Nelson Hunt and his brother William Hunt, trying to put his hand on the silver market. The market ultimately crashes of March 27, 1980, this day is known as the silver Thursday. Brothers convicted in 1988.
Allen Stanford – accused by the Federal Commission on Securities and Exchange large fraud based on false promises worth 8 billion dollars and falsified data for previous years in order to defraud the investors.
Martha Stewart – classical scheme deals with the inside information that you know in advance the company’s financial results.
Victor Leather – creates family privatization funds in the Czech Republic after a series of corporate financial operations and was able to transfer their assets to other companies outside the country subsequently liquidated funds. Fraud is about 200 million dollars.

Tags: Allen Stanford, business, Charles Keating, corporate, Dennis Kozlowski, frauds, global, history, Hunt Brothers, Jerome Kerviel, John Rigas, Madoff, Martha Stewart, Nick Lewsan, Victor Leather

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