sep 1, 2008 - Collapse of Lehman Brothers

Description:

Immediately the stock market nosedives; credit markets freeze. By November, the markets are down 40 %, and hundreds of hedge funds shut down or stop allowing withdrawals. But Madoff funds are still up. Some large hedge fund clients, including Sandra Manzke and Thierry de la Villehuchet, place even more money -- including their personal accounts -- with Madoff.

But according to investigators, there are signs in the fall of 2008 of Madoff's weakness. In October, November and December, he reverses his longstanding policy of limiting the amount of money Fairfield Greenwich could invest with him and begins to react angrily when the firm tells him about a "significant amount of redemptions" from its Sentry fund.

25 November 2008.Ruth Madoff withdraws $5.5m from a Madoff-linked brokerage firm. She withdraws another $10m on 10 December.

Added to timeline:

Date: