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- 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 the course of at least 17 years, possibly longer. He was also a pioneer in electronic trading and chair of the Nasdaq in the early 1990s.
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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.
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.
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]
Apr 14, 2021 · Bernard L. Madoff, the onetime senior statesman of Wall Street who in 2008 became the human face of an era of financial misdeeds and missteps for running the largest and possibly most...
- Diana B. Henriques
Apr 14, 2021 · Bernie Madoff, the Wall Street con artist who masterminded the largest Ponzi scheme in history and bilked thousands of investors out of billions of dollars, has died in prison. He was 82.
- 4 min
- Ethan Sacks
Apr 14, 2021 · Bernie Madoff, who carried out one of the most notorious Ponzi schemes in history, has died while serving his prison sentence in North Carolina. He bilked thousands of investors out of their...
Apr 14, 2021 · Bernie Madoff, the financier who orchestrated what is thought to be the largest Ponzi scheme in history, has died. He was 82. He died Wednesday at the Federal Medical Center in Butner, N.C.,...
