Category: Bernie Madoff

Bernie Madoff pulled off one of the largest Ponzi schemes in history to date. Madoff figured out a way to get clients to invest money by providing false hopes of a profitable return on investment. This money then would cycle back through and he would use the money to pay existing clients when they wanted…

Abstract Bernie Madoff, who began his brokerage firm in 1960, was the mastermind who executed a historical the worlds largest and longest-lasting Ponzi scheme fraud of $50 billion through his investment company, Bernard L Madoff Investment Securities LLC, shocked the global economy. As per his modality of fraud, Madoff used investments to pay off his…

The last of the red flags for Ponzi schemes are paperwork errors and trouble receiving your payments. If paperwork regarding your investment is filled with errors or misstatements it can mean that someone is trying to intentionally mislead you. If one is having trouble receiving his money from the investment manager, it could throw up…

The Bernie Madoff Ponzi scheme was the biggest of all time, so much so that he earned himself 150 years in prison. The Madoff Ponzi scheme was so big it captured the attention of the entire world. It rivaled OJ Simpson’s case in attention which is no small feat. Bernie Madoff’s last words before he…

One man about escaped from one of the biggest bank schemes in the world totaling a cash amount of $13.375 billion dollars (SIPA). The name, Bernie Madoff, was one of the most talked about person during 2008 to 2009. He was arrested in late 2008 just on, a criminal complaint alleging one count of securities…

Would anyone assume that a young man who grew up from humble beginnings in a small Jewish middle-class family be responsible for the largest Ponzi schemes in American history? A young Hofstra graduate with a bachelor’s degree in Political Science and hopes and aspirations to work on Wall Street. Bernie Lawrence Madoff was born on…

As the popular saying goes, if something is too good to be true then it probably is. This perfectly sums up the life and career of Bernie Madoff. At a point, he was one of the most sought-after investment managers in America. The cookie however crumbled in 2008 when it was discovered that he had…

Case study of Bernie Madoff ‘It was all just one great big lie’ were the words that 59-year-old Bernie Madoff said to the FBI agents when they arrested him on the 10th of December 2008 in New York City relating to Fraud charges that included Mail Fraud, investment, Wire fraud, and Money laundering offenses. Madoff…