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
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.