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.
Vati-Con scandal The Vati-Con Scandal involved accusations that Italian real estate developer Raffaello Follieri misappropriated a $50 million investment from billionaire Ronald Burkle meant to buy Roman Catholic churches in the United States. Follieri ultimately pleaded guilty to federal criminal charges in the U.S. and was sentenced to prison.