Bernard Madoff

Bernard Madoff

A broker and investment adviser whose firm was revealed in 2008 to be the largest Ponzi scheme in history. Before this revelation, Madoff was a well respected and supposedly successful investor and philanthropist. His penny stock company developed the computer technology that led to the foundation of NASDAQ. He served as chairman of NASDAQ and was on the board of the National Association of Securities Dealers. His victims included a large number of charitable organizations that had allowed Madoff's firm to invest their endowments. In 2009, he pleaded guilty to defrauding his victims of nearly $65 billion; he was sentenced to 150 years in prison.
References in periodicals archive ?
SPV Osus, formerly Optimal Strategic US Equity, claimed that the defendants were negligent and in breach of contract/fiduciary duty by appointing and/or monitoring companies controlled by Bernard Madoff.
Andrew Madoff and his brother, Mark, both worked on the legitimate trading side of their father's Manhattan firm, two floors removed from the private investment business where Bernard Madoff carried out his $65 billion Ponzi scheme over several decades.
An accounting executive who allegedly helped Bernard Madoff on his multibillion-dollar Ponzi scheme was charged by the US authorities who are broadening their investigation into the fraud five years after it was uncovered.
Summary: The wife of convicted fraudster Bernard Madoff claims that she attempted suicide with her husband after his multi-billion dollar Ponzi scheme was exposed.
Washington, Oct 27 (ANI): The wife of 'Ponzi king' Bernard Madoff has said that they tried to commit suicide after the fraud scheme was exposed.
New york: The trustee seeking money for Bernard Madoff s victims is now seeking $19 billion from JPMorgan Chase, tripling the amount he hopes to recover from what was once the main bank of the imprisoned Ponzi schemer.
THE owners of the New York Mets baseball team turned a blind eye to jailed financier Bernard Madoff 's massive fraud, a new lawsuit claims.
THE son of jailed financier Bernard Madoff was found dead yesterday - on the second anniversary of his father's arrest.
Bernard Madoff and his former penthouse apartment at 133 East 64th StreetThe couple who bought Bernard Madoff's Upper East Side penthouse duplex loved the rooftop terrace so much that they decided to look past the co-op's seamy history.
CONVICTED fraudster Bernard Madoff has struck up friendships with a mob boss and a spy since beginning a 150-year jail sentence, according to legal documents.
THE lawyer in charge of recovering losses for victims of disgraced financier Bernard Madoff is suing HSBC for $9bn (pounds 5.
Madoff Investment Securities LLC ("BLMIS"), announced that he filed a total of 40 lawsuits today; 22 of which were filed against relatives of Bernard Madoff and his wife, Ruth Alpern Madoff - including his sister and nephew, her sister, and in-laws - and 18 of which were filed against former employees of BLMIS and certain of their relatives, and other related entities.