- American fraudster and a former stockbroker, investment advisor, and financier
Real name: | Bernard Lawrence Madoff | Born: | 29 April 1938 Comment | How old is Bernard Madoff in 2024? / Age: | 85 years
| Where was Bernard Madoff born? | Queens, New York City, NY, US | Nicknames: | Bernie | Zodiac sign: | Taurus |
Bernard Madoff Net worth 2024 (estimated)
| How much is Bernard Madoff worth? | Under review
| Nationality: | American | Hair color: | Grey | Eyes color: | Blue |
Who is Bernard Madoff? / Facts
- He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in US history
- Madoff founded the Wall Street firm Bernard L
- Madoff Investment Securities LLC in 1960, and was 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
- He employed at the firm his brother Peter, 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 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 describing it as "one big lie"
- The following day, FBI agents arrested Madoff and charged him with one count of securities fraud
- The US Securities and Exchange Commission (SEC) had previously conducted multiple investigations into Madoff's business practices, but had not uncovered the massive fraud
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
Education
- Hofstra University (1960)
- Far Rockaway High School (1956)
- Brooklyn Law School
- University of Alabama
Related celebs
Andrew Madoff, Mark Madoff, Nick Madoff, Anne Madoff, Emily Madoff, Sondra Wiener, Peter Madoff
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
Last update: 16 May 2017 We do our best for being accurate. If something seems incorrect, please contact us! |
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