Bernard Madoff

(redirected from Bernie 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 ?
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.
Barnum, master of both the circus business and politics; Bernie Madoff, architect of the largest financial fraud in U.
This book explains how Ponzi schemes operate: how they differ from pyramid schemes, Ponzi finance, and other financial arrangements; the schemes of Charles Ponzi, Bernie Madoff, and Allen Stanford.
A firm has sued HSBC Holdings (LSE: HSBA) over losses caused by Bernie Madoff who had defrauded investors.
Recovery Claims Denied: A federal bankruptcy judge affirmed the denial of recovery claims filed by 308 participants in four separate retirement plans who indirectly invested in the Bernie Madoff 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.
6 billion settlement for dealings with Bernie Madoff, JPMorgan Chase .
18 in attempt to clear his name of any involvement from the Bernie Madoff Ponzi scheme that sapped billions from investors.
What can we expect for next week's cover, a smiling picture of Bernie Madoff with "Trust this man to make you rich