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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 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 ...
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.
1. Charles Ponzi, the Original Ponzi Scheme Charles Ponzi gave his name to the now notorious term “Ponzi scheme.” His massive money scam is one of the most notable in history, and yet it began ...
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 credentials: Prosecutors allege the fraud -- easily the largest Ponzi scheme in history -- to be $64.8 billion. It may also be the longest-running Ponzi scheme, having started as early as the ...
Bernard Madoff, creator of a $65 billion Ponzi scheme, the largest investor fraud ever attributed to a single individual; Matt the Knife, American con artist, card cheat and pickpocket; from age approximately 14 through 21, stole from dozens of casinos, corporations and at least one Mafia crime family.