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Bernard madoff went down in history as the mastermind behind the largest ponzi scheme ever uncovered, defrauding investors of more than $65 billion. · now, a netflix documentary will examine his ruthless rise to power, how it all came together, and his downfall in madoff: Ruth madoff retained $2. 5 million as part of the … · in it, he writes about how just before ruth and her husband’s fall from grace once exposed for ripping off tens of thousands of people for $60billion – the wife of the wall street con artist was swiping company plastic to the tune of almost $60,000 each month. · by all accounts, madoff’s scam wasn’t terribly sophisticated or high-tech, utilizing phony account statements sent to clients, for example. · kevin bacon opens up about losing his fortune in bernie madoffs ponzi scheme and how love with kyra sedgwick helped them recover. The monster of wall street. His widow and estate settled madoff-related claims for $7. 2 billion, reportedly the largest forfeiture in u. s. · a vivid, powerful piece of investigative reporting, the book takes us behind the headlines to show the full human cost of madoff’s crimes, and offers a cogent analysis of the … His admitted ponzi scheme defrauded 37,000 people in 136 countries out of as much as $65 billion … · he died less than a year after the fraud was exposed; But in his latest talking business column, the new york times’s joe nocera says that they’re trying to abdicate … In december of that year, bernie madoff, the former nasdaq chairman and founder of the wall street firm bernard l. · ruth madoff asked her husband bernard after he revealed to her that his respected investment company was actually one of the largest frauds in history, according to a new book examining the life. · madoff is notorious for the united states’ largest instance of investment fraud. But what exactly did he do, and why … Madoff plead guilty to the biggest ponzi scheme in history. On june 25, madoff agreed to forfeit his share of $170 million of real estate, investments and other assets, with his wife forfeiting $80 million. But it wiped out thousands of people’s … Madoff investment securities llc, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar ponzi scheme. · bernie madoff once had a net worth of nearly a billion dollars but he lost all after the uncovering of his ponzi scheme and subsequent trial. · tempers certainly ran hot on thursday, as victims descended upon the federal courthouse in manhattan to hear bernard l. Many of the victims wanted help, and in some cases close to full restitution.
