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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 · Bernie Madoff was an American financier and former Nasdaq chair who orchestrated the largest Ponzi scheme in history. Bernie promised investors high returns in exchange for their investments.

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

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   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.

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 · Buttressed by elaborate account statements and a deep reservoir of trust from his investors and regulators, Mr. Madoff steered his fraud scheme safely through a severe recession in the early...

   • Author: Diana B. Henriques

4. 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...

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. Videos

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     60 Minutes Archive: The man who figured out Madoff's Ponzi scheme

     Apr 14, 2021

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     Bernie Madoff Dead In Prison At 82: Looking Back At His Ponzi Scheme Impact | NBC News

     Apr 14, 2021

     460K Views

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     Bernie Madoff: How he pulled it off

     Apr 25, 2021

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7. 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...

8. 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.

9. 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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   Was Bernard Madoff arrested over '50 billion Ponzi scheme'?

   • "Wall Street legend Bernard Madoff arrested over '$50 billion Ponzi scheme' ". The Times. London. Archived from the original on June 14, 2011. ^ "Report of Investigation Executive Summary" (PDF). Archived (PDF) from the original on April 10, 2010. Retrieved March 16, 2010. ^ "Investigations of Madoff Fraud Allegations, Part 1".

   Bernie Madoff - Wikipedia

   en.wikipedia.org/wiki/Bernie_Madoff

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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

   www.britannica.com/biography/Bernie-Madoff

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