Bernie Madoff, in full Bernard Lawrence Madoff, (born April 29, 1938, Queens, New York, U.S. died April 14, 2021, Federal Medical Center, Butner, North Carolina), American hedge-fund investment manager and former chairman of the NASDAQ (National Association of Securities Dealers Automated Quotations) stock market. He was best known for operating history’s largest Ponzi scheme, a financial swindle in which early investors are repaid with money acquired from later investors rather than from actual investment income. Madoff grew up in the predominantly Jewish neighbourhood of Laurelton in Queens, New York. After spending his freshman year at the University of Alabama, he earned
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Bernie Madoff died after carrying out the largest Ponzi scheme in history - here s how it worked
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On Wednesday, Bernie Madoff died of natural causes in federal prison, according to the Associated Press.
In 2009, he was sentenced to 150 years in prison for running the largest Ponzi scheme in history.
Here s how Madoff conned his investors out of $65 billion and went undetected for decades.
On Wednesday, Bernie Madoff died in federal prison, according to a report from the Associated Press. The 82-year-old, who is believed to have died from natural causes, carried out one of the biggest fraudulent schemes in US history before he landed in prison.
On Wednesday, Bernie Madoff died of natural causes in federal prison, according to the Associated Press.
In 2009, he was sentenced to 150 years in prison for running the largest Ponzi scheme in history.
Here s how Madoff conned his investors out of $65 billion and went undetected for decades.
On Wednesday, Bernie Madoff died in federal prison, according to a report from the Associated Press. The 82-year-old, who is believed to have died from natural causes, carried out one of the biggest fraudulent schemes in US history before he landed in prison.
In 2009, Madoff was sentenced to 150 years in prison for running a pyramid scheme so all-encompassing that even today, only a few of his victims have regained all of their losses. As of 2020, the US Department of Justice had returned about $3.2 billion to individuals that had been conned by Madoff.