Bernard L. Madoff, chairman of Madoff Investment Securities is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. The former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, Dec. 11, 2008, accused of running a phony investment business that lost at least $50 billion and amounted to nothing more than a "giant Ponzi scheme." (AP Photo/The New York Times, Ruby Washington) ** MANDATORY CREDIT, NYC OUT, MAGS OUT, NO SALES, TV OUT, NO ARCHIVE **

Bernard L. Madoff, chairman of Madoff Investment Securities is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. The former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, Dec. 11, 2008, accused of running a phony investment business that lost at least $50 billion and amounted to nothing more than a "giant Ponzi scheme." (AP Photo/The New York Times, Ruby Washington) ** MANDATORY CREDIT, NYC OUT, MAGS OUT, NO SALES, TV OUT, NO ARCHIVE **