The Madoff Hustle - Part 1

Bernard Lawrence "Bernie" Madoff is an incarcerated American former stock broker, investment advisor, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history.

In March 2009, Madoff pleaded guilty to 11 federal crimes 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 1980s, and that 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, he was sentenced to 150 years in prison, the maximum allowed.

Category:

Entertainment

Tags:

• Bernie Madoff
• Madoff
• NASDAQ
• Ponzi
• fraud
• crime
• white collar
• stock market

[hopeintransit]

@casparseiler people like you deserve to be six feet under.

people like you is what is wrong with the world. Lazy, greedy, worthless fuck. People like you is the reason Ron Paul needs to be president.

[hopeintransit]

@andrinjo So you're just as evil?? Maybe you should be behind bars with him and other minds of the like.

[TheBooostt]

@casparseiler haha thats fine i have values and work ethic and self made and doing very fine thankyou, a loser mentality like yourself will always be a loser and cheat in life and you will always know that by not making it on your own in an ethical way, haha losers like you always lose no matter what ! goodluck loser

[casparseiler]

@TheBooostt ahhhh yeah. thats why i'm gonna be chilling while you will be the morally correct one who is gonna be worrying how to pay for the childrens tuition. 

[TheBooostt]

@casparseiler thats why your a loser and always will be

[casparseiler]

if i had the chance, id do it…..

[BAWBAG100]

WHERE ON THIS EARTH CAN I BUY THE CHASING MADOFF DVD ? ARE THEY STOPPING US FROM WATCHING THIS MOVIE



[jasrogg]

You can only get away with something like this if the Govt looks the other way.Hes a Psychopath!

[rochelfan]

this is much bigger than 65 billion

a lot of people invested money that was not illegal

i think at least 2 maybe 3 times more no questions, just put the money in, i do the rest

it attracts people with the same state of mind like Mandoff

[318ray]

im 23 and i think im the only person that i know around my age who know who madoff is and it scares me does this mean im a con too lol