Alot of the people who invested and trusted their money and lifelong savings with him. you can probably find the exact number at a new website. Hope I helped :)
If you were an investor in Madoff's ponzi scheme, you lost money.
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
Bernie Madoff is responsible for creating and running a large Ponzi investment scheme.
65 billion
http://wallstreetreviewer.com/2009/02/05/madoff-client-list-disclosed.aspx
Madoff is best known for pulling of a ponzi scheme that is considered one of the biggest frauds in the history of the United States.
$65-billion
Bernard Madoff's Ponzi scheme involved various individuals and entities that either facilitated or ignored his fraudulent activities. While specific names of accomplices are not widely recognized, some employees at his firm, Bernard L. Madoff Investment Securities LLC, were reportedly aware of the scheme but did not act to stop it. Additionally, regulatory failures and lack of oversight by the Securities and Exchange Commission (SEC) contributed to Madoff's ability to operate his scheme for years without detection. Overall, while Madoff was the mastermind, systemic issues and complicity among some staff played a role in enabling the fraud.
Bernie Madoff was sentenced on June 29, 2009, to 150 years in prison for masterminding the largest and most sweeping Ponzi scheme ever.
The final straw that uncovered Bernie Madoff's Ponzi scheme was the financial crisis of 2008, which led to a surge in withdrawal requests from his investors. As Madoff struggled to meet these demands, he was unable to generate the returns he had promised. This prompted him to confess to his sons, who reported him to authorities, ultimately leading to his arrest on December 11, 2008. The collapse of his scheme revealed a massive fraud that had lasted for decades.
He was sentenced to 150 years in prison for creating the largest Ponzi scheme ever.