FBI raid and arrest related to Bernard Madoff's Ponzi scheme

On December 11, 2008, federal agents executed search warrants and took custody of documents at the headquarters of Bernard L. Madoff Investment Securities LLC, which was located at 885 Third Avenue. Investigations of the firm and Madoff's admissions that his investment operation was a fraud led to his arrest and federal charges for operating a Ponzi scheme. Madoff later pleaded guilty to multiple counts and was sentenced to prison. The firm's Manhattan office at this address was central to the investigation and raid.