(Reuters) - Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence. Here are some of Madoff’s public comments:. * On his trading approach: “It’s a proprietary strategy. I can’t go into it...
(Bloomberg) — Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more than $19 billion in history’s largest Ponzi scheme, has died. He was 82. His death, “believed to be from natural causes,” was reported by the Associated Press. Madoff’s...
Reality finally caught up with Bernie Madoff on December 11, 2008. Arrested at the $7m Manhattan penthouse he shared with his wife, Ruth, the man who had run a decade long pyramid scheme made an emotional confession to his sons that “it’s all just one big lie”. Securities and Exchange Commission investigators spoke of “a stunning fraud that appears to be of epic proportions”.
Bernard Madoff, who organized the largest Ponzi scheme in American financial history and lost roughly $18 billion for investors, has died at 82. The former Roslyn resident’s death was reported to The Associated Press by an anonymous source on Wednesday, and was later confirmed by a Bureau of Prisons representative, who said he died early that morning of natural causes.
Bernard Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, has died in prison. Madoff defrauded his investors, including Steven Spielberg, Kevin Bacon and Sandy Koufax out of billions of dollars. (April 14) Subscribe for more Breaking News: http://smarturl.it/AssociatedPress. Website: https://apnews.com. Instagram: https://www.instagram.com/APNews/. . You can license...
Here’s a look at the life of Bernard Madoff, serving 150 years in prison for running a multi-billion dollar Ponzi scheme. Marriage: Ruth (Alpern) Madoff (November 1959-present) Children: Andrew and Mark. Education: Hofstra University, B.A. Political Science, 1960. Other Facts. Started his firm with $5,000 he saved from working as...
WASHINGTON (Reuters) – Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in federal prison where he was serving a 150-year sentence, the Bureau of Prisons said. (Reporting by Sarah N. Lynch; Editing by Chizu Nomiyama)