Which former financier was convicted under making false statements?
Bernard Madoff Bernard Lawrence "Bernie" Madoff ( ; born April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.
Michael Scanlon Michael Scanlon, a.k.a. "Sean Scanlon", is a former communications director for Rep. Tom DeLay, lobbyist, and public relations executive who has pleaded guilty to corruption charges related to the Jack Abramoff lobbying scandal. He is currently assisting in the investigation of his former partners Abramoff, Grover Norquist and Ralph Reed by separate state and federal grand jury investigations related to the defrauding of American Indian tribes and corruption of public officials. In addition to the allegation of dishonest dealing arising from the consulting contracts themselves, Abramoff and Scanlon are accused of illegally giving favors to senior Republicans Tom DeLay, Conrad Burns, John Doolittle and Bob Ney. In 2005 Scanlon pleaded guilty to conspiring to bribe a member of Congress and other public officials. On February 11, 2011, he was sentenced to 20 months in federal prison and 300 hours of community service.