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The
Madoff Scandal
Who is
Bernard L. Madoff ?
Bernie Madoff is responsible for the largest Ponzi scheme in history.
He, left behind a legacy of deception and financial ruin. Operating under the guise of a successful investment firm, Madoff defrauded thousands of investors out of an estimated $65 billion. His fraudulent scheme, which promised consistent high returns, unraveled in 2008 during the financial crisis, when he could no longer cover investor withdrawals. Arrested in December of that year, Madoff pleaded guilty to 11 federal felonies and was eventually sentenced to 150 years in prison in 2009.​​
Madoff’s scheme devastated individuals, many of whom lost their life savings; international charities and institutional investors were also greatly affected.
The fallout led to sweeping regulatory changes in financial oversight, as well as years of legal battles to recover lost funds. While court-appointed trustees managed to recover and redistribute billions to victims, the damage to trust in Wall Street and financial institutions remained profound.
Incarcarated Bernard L. Madoff died in April 2021 at the age of 82, marking the final chapter in the most infamous financial scandals in modern history.
More about the Madoff-Drama in upcoming Stage Production RUTHLESS
World-Premiering this May in London
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