Low Graphics Site
White bar
.: Latest News :. .: News in Pictures :.
Dawn e-paper

Daily SectionMarker



Misc SectionMarker
Prayer-Timings

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker



Pakistan's Internet Magazine
Herald

Archive, Search

Weather

FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Irfan Hussain Jawed Naqvi Mahir Ali Kamran Shafi The Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

Previous Story DAWN - the Internet Edition Next Story

January 02, 2009 Friday Muharram 04, 1430



Financier given ethics lesson by thieves


WASHINGTON: Wall Street financier Bernard Madoff, accused of masterminding a massive investment fraud, has been handed an ethics lesson by thieves who stole a statue from his Florida mansion, and promptly returned it.

Robbers who swiped a 10,000-dollar statue from Madoff’s estate near Palm Beach, Florida, on Dec 22, dropped it off at a nearby country club where Madoff was a member, signing “The Educators”.

Hanging from the 1.2 metre statue, which depicts two lifeguards sitting on a raised stand, was a note, reported the Palm Beach Post newspaper. “Bernie the Swindler, Lesson: Return Stolen Property to rightful owners. Signed by - The Educators,” the note said.

The statue was not damaged and police are investigating the robbery, said the daily. Madoff, 70, is under house arrest in his Manhattan apartment on a 10-million-dollar bail.

He is so far the only person charged in an alleged 50-billion-dollar Ponzi, or pyramid scheme in which major banks, ultra-wealthy private investors, universities, charities and Jewish organisations were among the victims.—AFP







Previous Story Top of Page Next Story

RSS Feed

Newsletters

DAWN Logo

News on Mobile

e-paper print replica


The DAWN Media Group

| About Us | Advertising info | Subscription | Feedback | Contributions | Privacy Policy | Help | Contact us |