Madoff investment scandal Madoff investment scandal The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernard Madoff, the former NASDAQ Chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate Ponzi scheme. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest. The firm employed Madoff's brother Peter as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as rules and
Pyramid of Userkaf in the 19th century. Userkaf's pyramid is part of a larger mortuary complex comprising a mortuary temple, an offering chapel and a cult pyramid as well as separate pyramid and mortuary temple for Userkaf's wife, queen Neferhetepes. Userkaf's mortuary temple and cult pyramid are today completely ruined and difficult to recognize. The pyramid of the queen is no more than a mound of rubble, with its funerary chamber exposed by stone robbers. The complex is markedly different from those built during the 4th Dynasty (c. 2613–2494 BC) in its size, architecture and location, being at Saqqara rather than Gizah. As