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In May 2012, Joseph Blimline was sentenced to 20 years in federal prison for operating two oil and gas Ponzi schemes. He operated a Ponzi scheme from 2003 to 2005 in Michigan, netting over $28 million. He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million ...
Disgraced financier Bernard "Bernie" Madoff, who ran the largest Ponzi scheme in history, is seen arriving at a federal court in New York City in 2009.
Bernard Lawrence Madoff (/ ˈ m eɪ d ɔː f / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [3] [4] He was at one time chairman of the Nasdaq stock exchange. [5]
In 'Madoff: The Monster of Wall Street', viewers meet George Perez, a computer programmer involved in the Ponzi scheme. All about his net worth, job, and life.
Bernie Madoff became famous for running the largest Ponzi scheme in history. Everything to know about where the name comes from, and how Madoff's scheme worked. There's A Bernie Madoff Victim Fund ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
The recent death of Bernie Madoff has everyone talking again about money schemes. As the orchestrator of the largest Ponzi scheme in history, Madoff wrote the book on how to get by on the sly.
James "Jim" Paul Lewis Jr. operated one of the largest and longest running Ponzi schemes in United States history. [1] [2] Over approx. 20 years, Lewis collected around $311 million U.S. dollars from investors. He operated under the name of Financial Advisory Consultants in Lake Forest, Calif., and promised high returns.