Bernard Lawrence Madoff (/ ˈmeɪdɔːf / MAY-dawf; [2] 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. [3][4] He was at one time chairman of the Nasdaq stock exchange. [5] .

Jun 23, 2024 · Bernie Madoff was a money manager responsible for one of the largest financial frauds in modern history. Bernie Madoff's Ponzi scheme, which ran for decades, defrauded...

Apr 2, 2014 · Bernie Madoff was a former stockbroker who ran his multibillion-dollar firm as a grand-scale Ponzi scheme. (1938-) Who Was Bernie Madoff? In 1960, Bernie Madoff used $5,000 he earned from...

Madoff—a financial investor whose skill and track record were so legendary that people begged to open accounts with his firm—crashed hard in December 2008 after the truth about his investments...

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.

Apr 14, 2021 · Bernie Madoff, a Wall Street financier disgraced after he admitted to one of the biggest frauds in US financial history, has died in prison at age 82. His death was announced by the Bureau of...

2 days ago · On March 12, 2009, Bernard L. Madoff, once a respected figure on Wall Street, pleaded guilty to orchestrating the largest Ponzi scheme in history. His admission in a Manhattan courtroom marked the downfall of a financier who had previously served as chairman of Nasdaq and led an investment firm known for its seemingly steady returns. In reality, Madoff’s operation was a massive fraud ...

Bernie Madoff is famous for operating probably the largest Ponzi scheme in history. It’s estimated that Madoff’s fraud extended for more than 20 years and ran to over $50 billion. Madoff was arrested in 2008 and eventually sentenced to 150 years in prison.

The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] 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.

Bernard "Bernie" Madoff was a financier born on April 29, 1938, in Queens, New York, who became infamous for orchestrating one of the largest Ponzi schemes in history. He founded Bernard L. Madoff Investment and Securities LLC in 1960, initially gaining acclaim for his pioneering contributions to the technology behind the NASDAQ stock exchange.