According to Bloomberg, the scam went down over the span of a decade, which strikes Bernie Madoff as pretty weak. Also, this is nothing new for Sky Capital.
Update: CNBC has now removed the reference to Sky Capital, which is odd, though not as disconcerting as the lack of a "Breaking News" banner (or on-air mention of the story at all), which is typically broken out for shit like "Citi: Still in the Toilet."