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Bernard Madoff, Former NASDAQ Chairman, Was Sentenced in June 2009

Question 14

Multiple Choice

Bernard Madoff, former NASDAQ chairman, was sentenced in June 2009 to 150 years in prison after pleading guilty to charges that he conducted purportedly the largest _____ swindle in the country's history and lost a reported $51 billion of his clients' assets.


A) forex
B) Ponzi scheme
C) insider trading
D) pyramid scheme

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