Bernard Madoff
Bernard Madoff was an American financier who orchestrated the largest Ponzi scheme in history, defrauding investors of tens of billions of dollars over decades before his 2008 arrest.
His name has become shorthand for elaborate financial fraud: The whole operation turned out to be a Bernie Madoff situation.
He died in federal prison in 2021.
- Ponzi schemeFraudulent returns from newcomers
- NASDAQElectronic securities exchange
- accounting fraudIntentional financial record deception
- investment scamFraudulent financial scheme
- white collar crimeNonviolent financial wrongdoing
betrayal · victims · indictment · fiduciary duty · house of cards · greed · SEC investigation · public outrage · restitution · securities fraud · confession · sentencing · life sentence · pyramid scheme · too good to be true · embezzlement · hedge fund · stock market
ethical conduct in finance
Bernard MadoffWarren Buffett
honest broker · fiduciary · whistleblower · compliance officer