108 Bernie Madoff

Full Name: ernard Lawrence Madoff

Bernie Madoff

Date: 3/12/2009

Charged with: , ,

Bernie Madoff was arrested and convicted of concocting the largest Ponzi scheme in history by defrauding his investors of approximately $65 billion over 20 years. Madoff pleaded guilty to all eleven counts of money laundering, security fraud, and perjury. On June 29, 2009 Judge Chin sentenced Madoff to a maximum of 150 years in prison and approximately $7.2 billion restitution, which amounts to twice the gross gained by Madoff in the Ponzi scheme.

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