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 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