Bernie Madoff - Scamming Of America

  • Published 2 years 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

New

For today’s episode of War Stories, Ars Technica sat down with Prince of Persia creator Jordan Mechner to learn about the challenges he faced while bringing his ambitious vision ...

  • 53
  • 4 days ago
  • Not Rated
Crime
hindu brides
youtube icon
13:24

In this documentary, a reporter spoke to desperate Hindu families who say their daughters have been abducted and coerced into converting to Islam. They are married off to Muslim me...

  • 269
  • 3 weeks ago
  • Not Rated
Crime
chicago mob
youtube icon
45:30

The Chicago Outfit (also known as the Outfit, the Chicago Mafia, the Chicago Mob, the Chicago crime family, the South Side Gang or The Organization) is an Italian-American organize...

  • 378
  • 1 month ago
  • 9(1)
Crime
cup going undercover
youtube icon
06:30

We’ve all seen at least one movie with a cop going undercover. Or a television show. It is a common practice among police officers.But have you ever wondered what really underpin...

  • 241
  • 1 month ago
  • 9(1)
Avatar

4,609 Videos / 16,242,210 Views
Tags

Related Articles
The USA Gymnastics sex abuse scandal started in the late 1990s. More than 368 people alleged that they were sexually ass...
  • 288
  • 4 weeks ago
Robbert, also known as Bobby, accidentally admitted to the murders during the filming of the HBO Documentary in 2015
  • 405
  • 3 months ago
Operated by the Federal Bureau of Prisons, the ADC Florence opened in 1994. It is classified as supermax prison or contr...
  • 3,362
  • 5 months ago
Valerio Viccei, a man already wanted for more than 50 armed robberies in Italy, almost committed a perfect crime in 1987...
  • 2,213
  • 8 months ago