Madoff s illegal activities shocked not only Mr. Shapiro but also the rest of world, including Palm Beach, which was at the center of maelstrom. The crimes hit especially hard here because the Wall Street trader met many of victims through his membership and connections at the Palm Beach Country Club.
The financial scandal returned to the news Wednesday when Mr. Madoff died. He spent his last days not as a big-time, wealthy wheeler-dealer, but in federal custody in North Carolina, a dozen years after the revelation that the former chairman of the National Association of Securities Dealers had been running a Ponzi scheme.
US ponzi fraudster Bernie Madoff left behind only misery and heartache
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The New York Mets Franchise Paid A Heavy Toll For Fred Wilpon s And Saul Katz s Ties To Bernie Madoff
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L épouse de Bernie Madoff va léguer sa fortune pour régler la fraude de son mari
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For Madoff Victims, âTragedy Goes Onâ After Scammerâs Death
Apr 15 2021, 1:47 PM
April 15 2021, 2:13 AM
April 15 2021, 1:47 PM
(Bloomberg) Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest.
(Bloomberg) Bernard Madoffâs death in prison Wednesday doesnât change much for his victims, many of whom are still waiting to be made whole on their share of $20 billion that vanished with the con manâs 2008 arrest.
The recovery effort, still underway in court more than a decade later, has been remarkably successful at recouping the lost principal, under the circumstances. But thatâs little comfort to investors who lost their life savings or otherwise had their lives turned upside down. And none of them will ever see a cent of the $45 billion in fake trading profits Madoff assured them wa