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

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   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.

2. www.businessinsider.com › how-bernie-madoffs-ponzi-scheme-worked-2014-7How Bernie Madoff's Ponzi Scheme Worked - Business Insider

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

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   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...

3. 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.

4. www.nytimes.com › 2021/04/14 › businessBernie Madoff, Architect of Largest Ponzi Scheme in History, Dead...

   www.nytimes.com › 2021/04/14 › business

   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...

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

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   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.

6. 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.

7. www.npr.org › 2024/07/10 › g-s1-9114'Madoff' takes account of the biggest financial Ponzi scheme in...

   www.npr.org › 2024/07/10 › g-s1-9114

   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.

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

   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...

9. www.justice.gov › opa › prOffice of Public Affairs | Justice Department Announces...

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   Dec 11, 2023 · The Justice Department announced today that the Madoff Victim Fund (MVF) began its ninth distribution of over $158.9 million in funds forfeited to the U.S. government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme.

10. www.bbc.co.uk › news › business-56750103Bernie Madoff: Disgraced financier dies in prison - BBC News

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    Apr 14, 2021 · Mr Madoff had been serving a 150-year sentence after he pleaded guilty in 2009 to running a Ponzi scheme, which paid investors with money from new clients rather than actual profits. It...