Bernard lawrence madoff Video
Bernie Madoff From Behind BarsBernard lawrence madoff - that
Bernard Madoff, mastermind of the biggest investment fraud in U. He was Madoff died apparently from natural causes, the AP reported earlier, citing an unidentified person familiar with the matter. He would have turned 83 on April Madoff was serving a year sentence at the prison, where he had been treated for what his attorney called terminal kidney disease. His request for compassionate release from prison was denied in June.
bernard lawrence madoff
Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a year sentence, the Federal Bureau of Prisons said. He was Madoff had been suffering from terminal kidney disease and several other medical ailments.
He was soft spoken and an intellectual. Bernie was by no means perfect. But no man is. Owners of the New York Mets, longtime Madoff clients, struggled for years to field a good baseball team because of losses they suffered.
Some victims lost everything. Many came from the Jewish community, where Madoff had been a major philanthropist.
The Market Maven
The fraud exposed holes at the U. Securities and Exchange Commission, which through incompetence or neglect botched a half-dozen examinations. Madoff had been the largest market-maker on the Nasdaq, once serving as its non-executive chairman. They did not know he was running his fraud on a different floor.
Only a trusted few did.
Navigation menu
In a typical Ponzi bernard lawrence madoff, money from newer investors is used to pay sums owed to earlier investors. Madoff said his fraud began in the early s, but prosecutors and many victims believe it started earlier. Investors were entranced by the steady, double-digit annual gains that Madoff seemed to generate, and which others found impossible to explain or duplicate. District Judge Denny Chin sentenced him.]
One thought on “Bernard lawrence madoff”