Bernard Madoff

RECENT NEWS
MarketWatch  Nov 13  Comment 
There are more than a dozen new legal cases involving Ponzi schemes every month.
Mondo Visione  Nov 10  Comment 
The Department of Justice today announced that on Nov. 9, the Madoff Victim Fund (MVF)  began its initial distribution of $772.5 million in funds forfeited to the U.S. Government in connection with the  Bernard L. Madoff Investment Securities...
CNNMoney.com  Nov 9  Comment 
Bernie Madoff's victims are getting more of their money back.
Reuters  Nov 9  Comment 
The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait for thousands of people to start recouping their losses.
Forbes  Nov 3  Comment 
What business are you really in? Jeff Madoff and I explore this fascinating topic that companies often lose sight of.
New York Times  Oct 19  Comment 
“Don’t think that you’re staring at some girl who has it all,” Stephanie Mack tells personal-shopping clients. “Let me tell you what happened to me.”
Channel News Asia  Sep 6  Comment 
The trustee recovering money for Bernard Madoff's victims on Wednesday announced his biggest settlement in six years, recouping US$687 million from an Irish fund that began sending client money to the imprisoned Ponzi schemer in the 1990s.
Forbes  Sep 5  Comment 
In this day and age, there's very little distinction between a 'brand' and 'branding' which is a big mistake. Branding expert Jeff Madoff explains the difference between the two and why it's important for your business to establish your brand...
New York Times  Aug 18  Comment 
NBC’s “Christmas of Many Colors” was nominated alongside TV movies about Bernie Madoff and Sherlock Holmes.
Clusterstock  Jul 18  Comment 
Bernie Madoff's first conviction for financial crimes nearly a decade ago rattled the financial-services industry. Researchers at Cornell University set out to quantify just how much of an impact the largest Ponzi scheme in history had on the...




 
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Bernard L. Madoff is the founder and chairman of Bernard L. Madoff Investment Securities, a market making and asset management firm. He had previously served as the chairman of Nasdaq stock market and was also the chairman of the Securities Industry Association’s trading committee.

On December 11, 2008 he was arrested on charges of fraud. Madoff confessed that his asset management business was a ponzi scheme and that he had lied about the returns he generated. Instead of relying on returns to pay back investors, he used money from new investors to pay old investors. Prior to his arrest, Madoff had a reputation of earning steady returns on investments for over two decades. The scheme fell apart when investors increased their redemptions due to the 2008 financial crisis. Madoff is estimated to have lost between $17 billion and $50 billion of investor's money.

The website of Bernard L. Madoff Securities states that he attended the law school at Hofstra University. However, the Hofstra Law school did not exist in the 1960s -- the period during which he claims to have attended it.[1]

References

  1. Clusterstock.com, December 23, 2008
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