On December 10, 2008 Bernard Madoff’s massive Ponzi scheme was unravelled. The following day, FBI arrested Madoff and charged him with one count of securities fraud. On June 29, 2009, Madoff, the man who confessed to organising the largest fraud in the US history, was sentenced to 150 years in prison, the maximum allowed. Samuel D Waksal, founder and former CEO of the biopharmaceutical company