Search results
Jun 23, 2024 · Bernie Madoff was an American financier who orchestrated the largest Ponzi scheme in history, collecting about $65 billion that he had no intention of investing.
Jul 1, 2014 · Here's how Madoff conned his investors out of $65 billion and went undetected for decades: Madoff used a so-called Ponzi scheme, which lures investors in by guaranteeing unusually high returns...
In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
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.
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...
Jul 10, 2024 · Disgraced financier Bernie Madoff scammed investors out of approximately $68 billion. Journalist Richard Behar spoke to Madoff in prison more than 50 times for his book, Madoff: The Final Word.
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.
