Bernard Madoff

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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 ?
A firm has sued HSBC Holdings (LSE: HSBA) over losses caused by Bernie Madoff who had defrauded investors.
In 2008, Bernie Madoff was arrested, accused of running a multibillion-dollar Ponzi scheme.
Clippers owner Donald Sterling came in first with 92 percent of respondents admitting to disliking him and next is jailed ponzi schemer Bernie Madoff with 90 percent.
bank by assets paid penalties to the government for not reporting suspicions of fraud by Ponzi-scheming client Bernie Madoff.
He is, according to six independent courts, a fraudster no different from Bernie Madoff and our own Denis McShane.
In wake of the Bernie Madoff massive fraud upon the world, a novel (or novels) on questionable business practices could be expected.
The former Long Island home of Peter Madoff, the younger brother of convicted Ponzi scheme operator Bernie Madoff, has been listed for sale by the (http://www.
Referring to the Security & Exchange Commission's handling of the Bernie Madoff sandal, one investigator said of the SEC: "They couldn't find ice cream at a Dairy Cream.
The legal cloud that has hung over the New York Mets at least sees a crack of light through it as a $162 million settlement was reached yesterday morning with the trustee looking to recoup what was seen as "net wins" by ownership of the Mets investing heavily with Bernie Madoff, the man behind the largest Ponzi scheme in US history.
At his sentencing, Ontario Court Judge Lesley Baldwin said: Not even the notorious Bernie Madoff was guilty of destroying his own mother, as Mr.
Just a reminder, nobody did actually blow the whistle on Bernie Madoff.
MISTRESS Z Sheryl Weinstein EXPOSE 3 New book BETRAYED JRuth Madoff says her husband Bernie bullied her from day one CROOK J Bernie Madoff cost his clients almost EUR13billion 3 Mark Madoff, who would take his own life, with his wife Stephanie FALL FROM GRACE Bernie Madoff has gone from being one of Wall Street's top investors to a life behind bars LUXURIOUS J One of Bernie Madoff's homes in Palm Beach Florida