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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.
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 released in its entirety on ...
Bernie Madoff. Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
Madoff pled guilty in 2009 to 11 felonies, and admitted he used his wealth management business to create a massive Ponzi scheme which enriched himself, his family and others. Madoff was sentenced ...
The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors.
Hot Visit: Ruth Madoff pays a (conjugal?) visit to her financial asteroid of a husband, Bernie, in prison. Listen Up, Execs: The Daily Show provides a guide to fixing the flat-lining auto industry.
On May 12, 2009, PBS Frontline aired The Madoff Affair, and subsequently ShopPBS made DVD videos of the show and transcripts available for purchase by the public at large. In season 7 of Curb Your Enthusiasm, aired in 2009, the character George Costanza (from Seinfeld) loses all of the money he made from an app called iToilet by investing with ...
At the time of his arrest on Dec. 11, 2008, Bernie Madoff had more than 4,900 active clients, with another 40,000 people whose investments had passed through Madoff’s company, Bernard L. Madoff ...