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Bernie Madoff was caught following the financial crisis of 2008 when clients began to withdraw their investments en masse. Unable to meet these redemption requests, Madoff confessed to his sons that his investment firm was a Ponzi scheme. They reported him to authorities, leading to his arrest on December 11, 2008. Subsequent investigations revealed the scale of his fraudulent activities, which totaled around $65 billion.
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How is Robert Allen Stanford like bernie madoff?
how is Robert Allen Stanford like bernie madoff
What nicknames does Bernard Madoff go by?
Bernard Madoff goes by Bernie.
What was Bernie Madoff's sentence?
Bernie Madoff was sentenced on June 29, 2009, to 150 years in prison for masterminding the largest and most sweeping Ponzi scheme ever.
Was there an exchange where Bernie Madoff traded funds?
Bernie Madoff traded on the NASDAQ as well as NYSE. But the problem was more importantly with the funds that he did not trade and used to provide fake returns to investors
How much money did bernie madoff profit from the ponzi scheme?
$65-billion
When was bernie madoff caught?
He told his sons about it and they told the SEC. He was arrested the following day
How is Robert Allen Stanford like bernie madoff?
how is Robert Allen Stanford like bernie madoff
What nicknames does Bernard Madoff go by?
Bernard Madoff goes by Bernie.
When was Bernie Madoff born?
Bernie Madoff was born on April 29, 1938, in Queens, New York City, New York, USA.
Where is bernie madoff now?
Bernard Madoff is alive and in jail as of 20 July 2011.
Did bernie madoff die?
no his lawyer supposedly did
Bernard madoff responsible for?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
What was Bernie Madoff's sentence?
Bernie Madoff was sentenced on June 29, 2009, to 150 years in prison for masterminding the largest and most sweeping Ponzi scheme ever.
What nicknames did Bernie Mac go by?
Bernie Mac went by Mac-Man.
What high school did Bernard Madoff graduate from?
Bernie Madoff graduated from Far Rockaway High School in 1956.
Isn't Bernard Madoff a vampire?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
Bernard l madoff is responsible for what?
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
