Profile of Bernard Madoff
The formal name of Bernie Madoff’s company was Bernard L. Madoff Investment Securities LLC….He was turned in by his sons Mark and Andrew, who were partners in his firm. Mark Madoff committed suicide by hanging himself with a dog leash on December 11, 2010, two years to the day after his father’s arrest… According to the U.S. Department of Justice, the 11 felony charges to which Madoff pled guilty were “securities fraud, investment adviser fraud, mail fraud, wire fraud, three counts of money laundering, false statements, perjury, false filings with the United States Securities and Exchange Commission (“SEC”), and theft from an employee benefit plan”… Carlo Ponzi was an Italian immigrant who bilked millions of dollars from investors in the 1920s; in a Ponzi scheme, old investors are paid off with money from new investors… Bernard Madoff was played by Robert DeNiro in the 2017 TV movie The Wizard of Lies.
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