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The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. 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.
Apr 15, 2021 · FILE - In this Jan. 5, 2009 file photo, Bernard Madoff, right, leaves U.S. District Court in Manhattan after a bail hearing in New York. Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died early Wednesday, April 14, 2021, in a federal prison, a person familiar with the matter told The Associated Press.
Apr 14, 2021 · Bernie Madoff, known as the mastermind of the biggest financial fraud in American history, departs court following a hearing in New York, March 9, 2009. Damon Winter—The New York Times/Redux.
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- Katy Steinmetz
Apr 14, 2021 · Bernie Madoff died Wednesday at the age of 82 while serving a 150-year prison sentence for defrauding thousands of people. Bernard Madoff walks back to his apartment in New York in this December ...
Apr 14, 2021 · He was 82. Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons. Last year, Madoff’s lawyers filed court papers to try ...
Jan 4, 2023 · “Bernie Madoff is largely responsible for legitimising that market, the electronic exchange, that today Google, Microsoft, Apple are part of. The irony of this is he was a great innovator, and ...
Apr 14, 2021 · A court-appointed trustee has recovered more than $13 billion of an estimated $17.5 billion that investors put into Madoff’s business. At the time of Madoff's arrest, fake account statements ...
