The biggest fraud ever in US history? Nah...
There is this story from linked from Drudge:" Investor to Super Rich Charged in $50B Fraud"
The "investor" told employees that the fund was "One big lie...basically a giant ponzi scheme." The stories circulating are calling this the biggest fraud ever in US history. I noted that the Madoff scandal isn't even close. Not by a 1,000 orders of magnitude. That historical fact belongs to the largest ponzi scheme in the history of the world: Social Security/Medicare .
Oh, and any guesses as to whom/what campaigns Mr. Madoff mostly contributes? Look here.
That or there are two Bernard L. Madoffs in NYC who run financial companies.