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 ?
Harry Markopolos, the accounting expert who raised red flags about Bernie Madoff's Ponzi scheme, released his report on the accounting of General Electric on website called "GEfraud.com," claiming on the front page of the new site that GE is "a bigger fraud than Enron." In an interview with The Wall Street Journal ahead of the launch of the website, Markopolos said his group found GE's insurance unit will need to bolster its reserves by $18.5B in cash.
General Electric Company (NYSE:GE) called a report published by Bernie Madoff whistleblower about allegations of financial struggles "entirely false and misleading."
Convicted Ponzi schemer, Bernie Madoff, is reportedly seeking compassionate release from prison at the age of 81.
Investors who are scammed by con artists like Bernie Madoff and Allen Stanford lose their life savings.
It includes stories such as the spy who spent years undetected at the highest levels of the Pentagon, the man who saw through the fraudster Bernie Madoff, the suicide of Sylvia Plath and the false conviction of Amanda Knox.
Barnum through the eras of Charles Ponzi and Bernie Madoff, according to a review on the Princeton University Press website.
A description of the book on Amazon cited federal agents who investigated Bernie Madoff's Ponzi scheme as saying that the 1MDB scandal would be the 'textbook case of financial fraud in the modern age'.
Conversely, Diana Hernriques' 2017 book concentrates solely on the Bernie Madoff scandal, while Kurt Andersen's 2017 offering contains a chapter on contemporary financial failures.
What makes the Bernie Madoff story of great interest is the enormous losses faced by investors ($73 Billion) and the length of time Madoff ran the scam (1960-2008).
After a lengthy period off our screens, the Scarface and Batman Returns actress was promoting Wizard of Lies in which she plays the wife of notorious US fraudster Bernie Madoff.
Except for Bernie Mac, who died in 2008, and Bernie Sanders, Bernie Madoff was, or rather is, the last famous Bernie.
In 'The Wizard of Lies,' based on Diana Henriques' book about the true-to-life story of Bernie Madoff (Robert De Niro), who was responsible for one of the largest Ponzi schemes in US history, Michelle plays his wife, Ruth Madoff.