Madoff investment scandal Madoff struggled to keep the scheme afloat. In November 2008, Madoff Securities International (MSIL) in London made two fund transfers to Bernard Madoff Investment Securities of approximately $164 million. MSIL had neither customers nor clients, and there is no evidence that it conducted any trades on behalf of third parties. Madoff received $250 million around December 1, 2008, from Carl J. Shapiro, a 95-year-old Boston philanthropist and entrepreneur who was one of Madoff's oldest friends and biggest financial backers. On December 5, he accepted $10 million from Martin Rosenman, president of Rosenman Family LLC, who later sought to recover the
Rythu Bandhu scheme Rythu Bandhu scheme Rythu Bandhu scheme also Farmers’ Investment Support Scheme (FISS) is a welfare program to support farmer’s investment for two crops a year by the Government of Telangana. The government is providing 58.33 lakh farmers, ₹4000 per acre per season to support the farm investment, twice a year, for rabi and kharif seasons. This is a first direct farmer investment support scheme in India, wherein the cash is paid directly. The scheme was announced by the Chief Minister of Telangana, K. Chandrashekhar Rao at Farmers Coordianation Committee(Rythu Samanvaya Samithi) conference at Jayashankar Agriculture University on 25 February 2018.