COVID-19 = BERNIE MADOFF
COVID-19 = FRAUD
Bernard Lawrence Madoff (/ˈmeɪdɔːf/;[1] born April 29, 1938) is an American former market maker, investment advisor, financier and convicted fraudster who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.[2] He is the former non-executive chairman of the NASDAQ stock market,[3] the confessed operator of the largest Ponzi scheme in world history, and the largest financial fraud in U.S. history.[4]Prosecutors estimated the fraud to be worth $64.8 billion based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.[5]
Conviction(s) |
March 12, 2009 (pleaded guilty) |
|---|---|
| Criminal charge | Securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, theft from an employee benefit plan |
| Penalty | 150-year prison term and forfeiture of US$17.179 billion |
