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 was exposed and degradated rapidly with only the two lowest layers of the pyramid still visible today. The pyramid has a T-shaped substructure with a descending corridor leading to a chamber with a gabled roof. Similarly to the main pyramid, the substructure was constructed in a shallow open pit dug into the ground before the pyramid construction started and is therefore located just below ground-level. Userkaf's pyramid is located on the northeast corner of Djoser's step pyramid complex. The pyramid was originally around high and large with an inclination of 53° identical to that of Khufu's great pyramid for a