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.
David P. Weber David Paul Weber is a former Assistant Inspector General for Investigations at the U.S. Securities and Exchange Commission (SEC), where as a whistleblower he reported allegations about foreign espionage against the stock exchanges, and concerning misconduct in the Bernard L. Madoff and R. Allen Stanford Ponzi scheme investigations. He was terminated months later for supposedly unrelated reasons. He sued the SEC, claiming wrongful termination and retaliation against him for coming forward as a whistleblower. In June 2013, the SEC settled with Weber his whistleblower protection and U.S. District Court lawsuits by reinstating him and paying him $580,000, one of the largest federal whistleblower settlements in US history. In 2014, author and blogger Larry Doyle named Weber as one of his "top 5 whistleblowers". On July 30, 2015, Weber was recognized by six United States Senators and one member of the House of Representatives at the First Congressional Celebration of National Whistleblower Appreciation Day. Weber is now in the private practice of law and is a Lecturer and Academic Director of Fraud Management Programs at the University of Maryland, College Park.