Madoff confessed to his children that he had been running a Ponzi scheme for 30 years. After the pyramid scheme, he was arrested by FBI agents in his investment company office in December 2008. Your customers.
It is confirmed that Bernard Madoff, a Wall Street financier, was a scammer, worth more than $50 billion. He died of natural causes in North Carolina (USA) this Wednesday at the age of 82. . The Prison Department of Europa Press.
Madoff, the former president of the Nasdaq electronic stock market, was sentenced to 150 years in prison in 2009 for a pyramid scheme worth more than $50 billion, which is the longest sentence. When the sentence was pronounced, the judge classified it as the largest personal scam in history.
Madoff is considered an outstanding financial guru for decades. After confessing to his children that he had run a Ponzi scheme (pyramid scheme) for 30 years, he was arrested in his investment company office in December 2008. FBI agents arrested. Billions of dollars from his clients.
Before his arrest, Madoff also admitted that the investment consulting business was fraud and a “big lie”, and claimed that it had been “completed” because he “absolutely did not.”
In fact, the investor may have realized that he only has about 20 or 300 million dollars, and he intends to use this money to pay for his employees, family and friends.
In June 2020, the U.S. Justice rejected his freedom on humanitarian grounds. Madoff had previously requested that he be transferred to the home of a friend of his and spent the last few days of his life after being diagnosed with irreversible kidney failure.
“When I convicted Mr. Madoff in 2009, my intention was to let him spend the rest of his life. In fact, his lawyer asked for a sentence of 12 to 20 years in prison so that he could see Nikko clearly. But I think Madoff Mr. should not have this kind of hope, and nothing has changed since then,” the judge ruled in the middle of last year.