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
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.