Madoff investment scandal to enable the Irish regulator to uncover the fraud much earlier than late 2008 when he was finally arrested in New York. The scheme began to unravel in the fall of 2008, when the general market downturn accelerated. Madoff had previously come close to collapse in the second half of 2005 after Bayou Group, a group of hedge funds, was exposed as a Ponzi scheme that used a bogus accounting firm to misrepresent its performance. By November, investors had requested $105 million in redemptions, though Madoff's Chase account only had $13 million. Madoff only survived by moving money from his
Pyramid of Userkaf total volume of . The core of the pyramid is built of small, roughly-hewn blocks of local limestone disposed in horizontal layers. This meant a considerable saving of labor as compared to the large and more accurately-hewn stone cores of 4th Dynasty pyramids. However, as the outer casing of Userkaf's pyramid fell victim to stone robbers throughout the millennia, the loosely assembled core material was progressively exposed and fared much worse over time than that of the older pyramids. This explains the current ruined state of the pyramid. The pyramid core was constructed in a step-like structure, a construction technique