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
Board of Investment (Mauritius) of strategic coastal land to foreigners through the Property Development Scheme programmes of the Board of Investment. BOI has an important role of policy advocacy to continuously improve the competitiveness of Mauritius. The Board of Investment accompanies investors looking at opportunities in Africa. The Board of Investment (BOI) has been awarded the prestigious ISO 9001:2008 Quality Management Certification on 3 December 2013. Board of Investment (Mauritius) The Board of Investment (BOI) is the national investment promotion agency of the Government of Mauritius with the mandate to promote and facilitate investment in the country. It is the first point of contact