On this day: the arrest of Bernie Madoff

On this day: the arrest of Bernie Madoff

On 11th December 2008, financier Bernie Madoff was arrested for the biggest Ponzi scheme in history, writes Eliot Wilson The 1990s had been an economic boom time for much of the West, with America growing at more than three per cent a year. It seemed as if the post-Cold War world might be one of progress and opportunity. Come the new millennium, however, even if the most dire predictions of disaster had proved unfounded, the climate changed abru…