Search results
6 days ago · 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.
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 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 devastating...
- Diana B. Henriques
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.
- The Editors of Encyclopaedia Britannica
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...
Bernard Lawrence Madoff (/ ˈ m eɪ d ɔː f / MAY-dawf; April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion.
People also ask
What was Bernie Madoff's Ponzi scheme?
What is Madoff's Ponzi scheme?
What happened to Bernie Madoff?
Was Bernard Madoff arrested over '50 billion Ponzi scheme'?
Jul 1, 2014 · 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...
