images links abstract
Wiki Code Copy Tips Home

Bernard Madoff

Bernard Lawrence Madoff (; born April 29, 1938) is an American former market maker, investment advisor, financier and convicted fraudster who is currently serving a federal prison sentence for offences related to a massive Ponzi scheme. He is the former non-executive chairman of the NASDAQ stock market, the confessed operator of the largest Ponzi scheme in world history, and the largest financial fraud in U.S. history. Prosecutors estimated the fraud to be worth $64.8 billion based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.

Madoff founded a penny stock brokerage in 1960 which eventually grew into Bernard L. Madoff Investment Securities. He served as its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed "specialist" firms by directly executing orders over the counter from retail brokers.

At the firm, he employed his brother Peter Madoff as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as the firm's rules and compliance officer and attorney, and his now deceased sons Andrew and Mark. Peter has since been sentenced to 10 years in prison and Mark committed suicide by hanging exactly two years after his father's arrest. Andrew died of lymphoma on September 3, 2014.

On December 10, 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as saying that it was "one big lie". The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted multiple investigations into his business practices but had not uncovered the massive fraud. On March 12, 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme. The Madoff investment scandal defrauded thousands of investors of billions of dollars. Madoff said that he began the Ponzi scheme in the early 1990s, but federal investigators believe that the fraud began as early as the mid-1980s and may have begun as far back as the 1970s. Those charged with recovering the missing money believe that the investment operation may never have been legitimate. The amount missing from client accounts was almost $65 billion, including fabricated gains. The Securities Investor Protection Corporation (SIPC) trustee estimated actual losses to investors of $18 billion. On June 29, 2009, Madoff was sentenced to 150 years in prison, the maximum allowed.



Source: Bernard Madoff
South Park
Tyson Fury
Prime number
History of the FIFA World Cup
The X Factor (UK TV series)
Antony Armstrong-Jones, 1st Earl of Snowdon
Andy Serkis
List of Prime Ministers of India
List of Sherlock episodes
300 (film)
4:44 (album)
Jughead Jones
George Washington
Will Poulter
Cuban Missile Crisis
Topher Grace
Microsoft Windows
Bernard Madoff
Computer science
Josh Brolin
Connie Nielsen
Kennedy family
Aurora
John Paul Getty III
Little Mix
Griselda Blanco
Killing of Harambe
Attack on Titan
Mary, Queen of Scots
.xxx
White blood cell
Mindy Kaling
Pansexuality
Aaliyah
Chris Evans (actor)
Corey Haim
Kenneth Branagh
Black Mirror
Vinod Khanna
Raj Kapoor
Miss Kobayashi's Dragon Maid
Serial killer
New England
Atomic Blonde
Reign (TV series)
Divergent (film)
Pocahontas
The Vampire Diaries
Natalie Dormer
Hamilton (musical)
Carlos Slim
T2 Trainspotting
Adam Scott (actor)
Zlatan Ibrahimovic
Mary Jackson (engineer)
Quincy Jones
Jake Paul
Daniel Kaluuya
Pablo Escobar
Taylor series
Cloud computing
Zac Efron
Same-sex marriage
Roman Reigns
Sanjay Dutt
Jane Austen
Banksy
Coca-Cola
Sacha Baron Cohen
Streptococcal pharyngitis
Rob Gronkowski
Cate Blanchett
List of United States insurance companies
List of Power episodes
Charles Manson
Empire State Building
The Magicians (U.S. TV series)
Mark Strong
Jamie Dornan
List of serial killers by number of victims
Sunny Leone
Robert Redford
Big data
Descendants (2015 film)
Twin Peaks
Meg Ryan
Porno (novel)
Labrador Retriever
Tertiary education
The Matrix
Sienna Miller
Assassin's Creed (film)
Terminator Genisys
Ireland
Seth MacFarlane
Brittany Murphy
Maria Bello
Mayim Bialik
Cinco de Mayo
Sidney Crosby
LaVar Ball
Saint Patrick's Day
Hillary Clinton
Jessica Chastain
Bobbi Kristina Brown
Independence Day: Resurgence
Bones (TV series)
Impractical Jokers
Madhuri Dixit
Wi-Fi
List of Criminal Minds episodes
Armenia
Impeachment
Patton Oswalt
War for the Planet of the Apes
Alia Bhatt
American Made (film)
Keri Russell
Jaeden Lieberher
Conan O'Brien
Natural disaster
Russ (rapper)
Liam Neeson
La Liga
Eva Mendes
Joan Collins
Astrological sign
Bam Margera
Taissa Farmiga
The Conjuring 2
Nokia
Jallikattu
Paul the Apostle
Israel
Pink Floyd
Jon Jones
Azithromycin
Emerald City (TV series)
DNA
SummerSlam (2017)
Mr. T
Gerald R. Ford-class aircraft carrier
Sasha Banks
Ray Kroc
A Cure for Wellness
John Lennon
Eddie Guerrero
Andy Samberg
Unbreakable Kimmy Schmidt
Kung Fu Yoga
Pearl Jam
Harry Styles
Neil Young
Victoria Beckham
Bruce Forsyth
Alan Tudyk
Jim Parsons
NCIS: Los Angeles
Suicide methods
James Madison
The Godfather Part II
Timothy Olyphant
GLOW (TV series)
Alexandre Lacazette
Indus Valley Civilisation
CM Punk
Deion Sanders
Stone Cold Steve Austin
Rottweiler
The Orville
Romeo and Juliet
Steven Seagal
Portugal. The Man
Maddie Ziegler
Phil Hartman
Pacific Rim: Uprising
Newcastle United F.C.
Game of Thrones (season 2)
Warren Buffett
Ponzi scheme
XXX
Kim Jong-nam
Ashoka
Judi Dench
Syphilis
Dragon Ball Super
Game of Thrones (season 4)
MS Dhoni
Ben Kingsley
Cryptocurrency
Auli'i Cravalho
Robert Pattinson
The Flash (2014 TV series)
Sri Lanka
Fantastic Beasts and Where to Find Them (film)
The Foreigner (2017 film)
IMDb
Charles I of England
Kevin James
Samantha Ruth Prabhu
TIPS: To create new content for your website or blog...
  1. Enter the title of a Wikipedia article in the box above.
  2. Select your options using the checkboxes, or use default settings.
  3. Click the 'go' button to retrieve the article.
  4. Click the 'Copy Code' button to copy the source code of the article to your clipboard.
  5. Paste the source code into your favorite HTML editor.
  6. Edit the content to suit your needs.
  7. Publish your new content to your website or blog.
  8. IMPORTANT: Before publishing, be sure to make significant changes to avoid creating duplicate content.
buy this site
Custom Website Development