Bernard Madoff Net Worth
Bernard Madoff net worth is
$1.7 Million
Bernard Madoff Wiki: Salary, Married, Wedding, Spouse, Family
Bernard Lawrence "Bernie" Madoff (/?me?d?f/; born April 29, 1938) is an American convicted of fraud and a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S. history.Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed "specialist" firms by directly executing orders over the counter from retail brokers. He employed at the firm his brother Peter, as Senior Managing Director and Chief Compliance Officer; Peter's daughter Shana Madoff, as the firm's rules and compliance officer and attorney; and his sons Andrew and Mark. Peter has since been sentenced to 10 years in prison and Mark committed suicide by hanging exactly two years after his father's arrest.On December 10, 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme, and quoted him as describing it as "one big lie". The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. The U.S. Securities and Exchange Commission (SEC) had previously conducted investigations into Madoff's business practices, but had not uncovered the massive fraud.On March 12, 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars. Madoff said he began the Ponzi scheme in the early 1990s. However, federal investigators believe the fraud began as early as the mid-1980s and may have begun as far back as the 1970s, and those charged with recovering the missing money believe the investment operation may never have been legitimate. The amount missing from client accounts, including fabricated gains, was almost $65 billion. The court-appointed trustee estimated actual losses to investors of $18 billion. On June 29, 2009, Madoff was sentenced to 150 years in prison, the maximum allowed. | Full Name | Bernard Madoff |
| Net Worth | $1.7 Million |
| Date Of Birth | April 29, 1938 |
| Place Of Birth | Queens, New York, USA |
| Occupation | Stockbroker, businessman, investor, investment adviser, financier, swindler |
| Profession | Financier, Banker, Stockbroker, Investment broker, Financial adviser, Con Artist, Investor |
| Work Position | Bernard L. Madoff Investment Securities website |
| Education | Hofstra University, Far Rockaway High School, University of Alabama, Brooklyn Law School |
| Nationality | American |
| Spouse | Ruth Madoff |
| Children | Andrew Madoff, Mark Madoff |
| Parents | Ralph Madoff, Sylvia Madoff |
| Siblings | Sondra Wiener, Peter Madoff |
| Nicknames | Bernard L. Madoff, Madoff, Bernard L. |
| IMDB | http://imdb.com/name/nm3318676 |
| Star Sign | Taurus |
| # | Fact |
|---|---|
| 1 | Son Mark Madoff born 1964. He died on Dec. 11, 2010, from suicide by hanging. |
| 2 | Son Andrew Madoff born 1966. |
Self
| Title | Year | Status | Character |
|---|---|---|---|
| ABC World News Tonight with David Muir | 2009 | TV Series | Himself |
Archive Footage
Known for movies
ABC World News Tonight with David Muir 2009
as Himself
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Tobi Tarwater
Update: 2024-07-24