Bernard L. Madoff, simply known as Bernie is an American allegedly the operator of what is known as the largest Ponzi scheme in history. Bernie before his capture, acted as the stock broker, investment adviser and non-executive chairman of the NASDAQ stock market. It was not later than 2009 when Madoff pleaded guilty; he was guilty for turning his wealth management business into a massive Ponzi scheme. This scheme according to various sources defrauded thousands of investors billions of dollars.
In 1960, Bernard Madoff founded one of the biggest firms in Wall Street. He was the chairman of his company “Madoff Investment Securities LLC”, until his arrest was warranted on the December of 2008.… Read the rest