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    The Ponzi Scheme (Bernie Madoff)

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    Meredith Twinn
    Bernard Madoff executed the largest Ponzi scheme in history, defrauding thousands of investors out of tens of billions of dollars over 17 years through his investment firm. He was convicted of several charges including security fraud, money laundering, and perjury, and was sentenced to 150 years in prison. Madoff's fraud led to the financial ruin of many victims and wiped out people's savings and retirement plans.

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    The Ponzi Scheme (Bernie Madoff)

    Uploaded by

    Meredith Twinn
    26 views5 pages
    Bernard Madoff executed the largest Ponzi scheme in history, defrauding thousands of investors out of tens of billions of dollars over 17 years through his investment firm. He was convicted of several charges including security fraud, money laundering, and perjury, and was sentenced to 150 years in prison. Madoff's fraud led to the financial ruin of many victims and wiped out people's savings and retirement plans.

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    The Ponzi scheme (Bernie Madoff)

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    Bernard Madoff executed the largest Ponzi scheme in history, defrauding thousands of investors out of tens of billions of dollars over 17 years through his investment firm. He was convicted of several charges including security fraud, money laundering, and perjury, and was sentenced to 150 years in prison. Madoff's fraud led to the financial ruin of many victims and wiped out people's savings and retirement plans.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    26 views5 pages

    The Ponzi Scheme (Bernie Madoff)

    Uploaded by

    Meredith Twinn
    Bernard Madoff executed the largest Ponzi scheme in history, defrauding thousands of investors out of tens of billions of dollars over 17 years through his investment firm. He was convicted of several charges including security fraud, money laundering, and perjury, and was sentenced to 150 years in prison. Madoff's fraud led to the financial ruin of many victims and wiped out people's savings and retirement plans.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    The Ponzi scheme

    (Bernie Madoff)
    MEREDITH, PAIGE ,HALA AND M.SAAD
    About Bernie Madoff

     Bernard Lawrence "Bernie" Madoff was an American financier who


    executed the largest Ponzi scheme in history, defrauding thousands of
    investors out of tens of billions of dollars over the course of at least 17
    years.
     Bernie Madoff’s sons alerted the police about his acts
     Bernie Madoff is now deceased
     His convection is was on 12 march 2009 the scandal happened 2008
    (discovered late 2008)
    What happened to Madoff ?

    Convections: security fraud , investment advisor trust fraud , mail fraud , wire fraud ,
    money laundering , false statements , perjury , making false filling with the
    SEC ,theft from an employee benefit plan
    Penalty : 150 years in federal prison and $170 billion in resolution
    Bernard Madoff per prated a multi billion dollar scam that defrauded investors
    around the world for decades until his arrest in December 2008 , madoffs fraud led to
    many financial ruin and his name is now famous .
    Impact on others

    His scam wiped out


    many people savings
    and retirement plans .
    What he did in simpler words

     Bernard L. Madoff investment securities LLC was a wall street investment firm
    founded by Madoff , who tricked investors out of $64.8 bn through the largest
    Ponzi scheme

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