Bernie Madoff - Scamming Of America

  • Published 11 months ago
  • 10

Bernie Madoff is a former market maker, investment advisor, financier, and fraudster. He is a convicted felon, who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.

This is his story, and how his colossal confidence scam. See the documentary to understand how his Ponzi scheme reflected and contributed to the 2008 economic crash.

You cannot say one man crushed the economy of America, but Madoff came very close to that.

Bernie was the former non-executive chairman of the NASDAQ stock market. His Ponzi scheme is considered the largest financial fraud in US history.

Madoff formed the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960. He was the chairman of the company until his arrest on December 11, 2008. As a top market maker business on Wall Street, his company bypassed specialist firms by directly executing orders over the counter from retail brokers.


From Around the Web

Related Videos

Business
the corporation
youtube icon
02:24:21

This documentary was released in 2003. And it is still true today. The documentary begins with an unusual detail from the 14th Amendment: Under constitutional law, corporatio...

  • 160
  • 1 week ago
  • Not Rated
Business
the startup nation
youtube icon
01:29:21

For many years, the first association to Israel is Holy Land. Millions of people visit Israel and the Wailing Wall. But in the past several years, the country made the jump f...

  • 367
  • 2 weeks ago
  • Not Rated

The history of capitalism is diverse. There are many debates about the history and origin of capitalism. Fully fledged capitalism is generally thought by scholars to have eme...

  • 237
  • 3 weeks ago
  • Not Rated

Big corporations and companies make the most profit. But in the past several years, it was small businesses pushing the economy forward. During the Great Recession of 2007 an...

  • 251
  • 3 weeks ago
  • Not Rated
Avatar

4,221 Videos / 12,168,635 Views
Tags

Related Articles
Her calling card was her robe de style dress. This gown hung straight and narrow on the torso, but then ballooned out wi...
  • 149
  • 1 week ago
Escondida produces more than 1 million tons of copper per year, which is about 5% of the global production. That is even...
  • 474
  • 1 month ago
At the peak of his fortune, Jesse had a net worth of $100 million. That was back in 1929. In today’s money, that would...
  • 610
  • 2 months ago
Jimmy Hoffa is one of the central figures in the Irishman, a fictional movie trying to explain the disappearance of the ...
  • 1,442
  • 6 months ago