Who was Bernie Madoff and what did he do?

Bernie Madoff was an American hedge-fund investment manager and former chairman of the NASDAQ stock market. He was best known for operating history’s largest Ponzi scheme. In 2009 he pled guilty to various charges and was sentenced to 150 years in prison. Learn more about his life and crimes.

Was Bernie Madoff a money manager?

Bernie Madoff was a money manager responsible for one of the largest financial frauds in modern history. Bernie Madoff's Ponzi scheme, which ran for decades, defrauded thousands of investors out of tens of billions of dollars.

Did Bernie Madoff run a Ponzi scheme?

Arrested for running an elaborate Ponzi scheme in December 2008, Madoff pleaded guilty to 11 felony counts in March 2009. That summer, the 71-year-old was sentenced to 150 years in prison. READ MORE: Bernie Madoff: 6 Famous Victims of His Ponzi Scheme