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1. www.investopedia.com › terms › bBernie Madoff: Who He Was, How His Ponzi Scheme Worked

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   Dec 20, 2023 · Bernard Lawrence "Bernie" Madoff was an American financier who executed the largest Ponzi scheme in history, defrauding thousands of investors out of tens of billions of dollars over...

2. www.businessinsider.com › how-bernie-madoffs-ponziHow Bernie Madoff's Ponzi Scheme Worked - Business Insider

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   Madoff used a so-called Ponzi scheme, which lures investors in by guaranteeing unusually high returns. The name originated with Charles Ponzi, who promised 50% returns on investments in only 90...

3. www.nytimes.com › business › bernie-madoff-deadBernie Madoff, Architect of Largest Ponzi Scheme in History ...

   www.nytimes.com › business › bernie-madoff-dead

   Apr 14, 2021 · Bernard Madoff, Architect of Largest Ponzi Scheme in History, Is Dead at 82. His enormous fraud left behind a devastating human toll and paper losses totaling $64.8 billion. Share full...

   • Author: Diana B. Henriques

4. People also ask

   What was Bernie Madoff's Ponzi scheme?

   • Bernie Madoff was a money manager responsible for one of the largest financial frauds in modern-day history. Bernie Madoff's Ponzi scheme, which likely ran for decades, defrauded thousands of investors out of tens of billions of dollars.

   Bernie Madoff: Who He Was, How His Ponzi Scheme Worked - Investop…

   www.investopedia.com/terms/b/bernard-madoff.asp

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   What is Madoff's Ponzi scheme?

   • Madoff used a so-called Ponzi scheme, which lures investors in by guaranteeing unusually high returns. The name originated with Charles Ponzi, who promised 50% returns on investments in only 90 days. Ponzi schemes are run by a central operator, who uses the money from new, incoming investors to pay off the promised returns to older ones.

   How Bernie Madoff's Ponzi Scheme Worked - Business Insider

   www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

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   Did Madoff get 150 years for Ponzi scheme?

   • CBC News. June 29, 2009. Archived from the original on July 2, 2009. Retrieved June 29, 2009. ^ Healy, Jack (June 29, 2009). "Madoff Sentenced to 150 Years for Ponzi Scheme". The New York Times. Retrieved June 29, 2009. ^ "Fraudster Madoff gets 150 years". BBC News. June 29, 2009. Retrieved June 29, 2009.

   Madoff investment scandal - Wikipedia

   en.wikipedia.org/wiki/Madoff_investment_scandal

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   Who was Bernie Madoff and what did he do?

   • Bernie Madoff was an American hedge-fund investment manager and former chairman of the NASDAQ stock market. He was best known for operating history’s largest Ponzi scheme. In 2009 he pled guilty to various charges and was sentenced to 150 years in prison. Learn more about his life and crimes.

   Bernie Madoff | Biography, Ponzi Scheme, & Facts | Britannica

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5. en.wikipedia.org › wiki › Bernie_MadoffBernie Madoff - Wikipedia

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   On March 12, 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars.

6. en.wikipedia.org › wiki › Madoff_investment_scandalMadoff investment scandal - Wikipedia

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   On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest Ponzi scheme in history. [5] [6] On June 29, 2009, he was sentenced to 150 years in prison, the maximum sentence allowed, with restitution of $170 billion. He died in prison in 2021. [7]

7. www.britannica.com › biography › Bernie-MadoffBernie Madoff | Biography, Ponzi Scheme, & Facts | Britannica

   www.britannica.com › biography › Bernie-Madoff

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   May 2, 2024 · Bernie Madoff was an American hedge-fund investment manager and former chairman of the NASDAQ stock market. He was best known for operating history’s largest Ponzi scheme. In 2009 he pled guilty to various charges and was sentenced to 150 years in prison.

8. www.npr.org › 2021/04/14 › 987165621Bernie Madoff, Whose Ponzi Scheme Bilked Thousands ... - NPR

   www.npr.org › 2021/04/14 › 987165621

   Apr 14, 2021 · Bernie Madoff, who carried out one of the most notorious Ponzi schemes in history, died on Wednesday while serving a prison sentence in North Carolina. Madoff was a legendary figure on Wall...