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January 4, 2023. (2023-01-04) Madoff: The Monster of Wall Street is a 2023 American true crime documentary series directed by Joe Berlinger and based in part on the 2021 book Madoff Talks by Jim Campbell. The four-part series was produced by RadicalMedia in association with Third Eye Motion Picture Company for the streaming service Netflix and ...
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.
Date apprehended. December 11, 2008. Bernard Lawrence Madoff (/ ˈmeɪdɔːf / 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 ...
More than $14.6 billion has been recovered for Madoff's victims so far by Irving Picard, the court-appointed trustee overseeing the liquidation of Madoff's firm, and Bernie Madoff is long gone ...
The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, ...
In another difference from Bankman-Fried, Madoff pleaded guilty, but that didn't ultimately reduce his sentence in a meaningful way—a federal court still gave him 150 years in prison in 2009.
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $ 65 billion. [ 1 ]
Ruth and Bernie Madoff had an intimate relationship with Levy and his wife, Betty. Madoff was long known to have been Levy's "fixer", obtaining everything from choice restaurant reservations to emergency medical care. Levy had offices one floor below Madoff's in New York's Lipstick Building. It was Levy who introduced high-profile investors to ...