Bernard Madhoff steals billions running the largest ponzi scheme in history

Bernard Madhoff steals billions running the largest ponzi scheme in history

Bernard Madhoff ran the largest fraudulent pyramid scheme in history. The former Chairman of NASDAQ and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate Ponzi scheme when he was apprehended by federal authorities on 11th December 2008. He was…

Business Blunders , , , ,