CNBC’s Scott Cohn reports on the life of Bernie Madoff, the Wall Street con artist who masterminded the largest Ponzi scheme in history and bilked thousands of investors out of billions of dollars. Madoff died at the age of 82 in federal prison in Butner, North Carolina.
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Bernie Madoff Dead In Prison At 82: Looking Back At His Ponzi Scheme Impact | NBC News
There WERE proper investigations, the investigators were simply ignored. The fact is, the authorities didn’t want to go to the expense of forensic accounting, paying lawyers, etc.
That’s all it was – pencil pushers worrying about their budgets and performance indicators.
So he got covid?
Its safe to say he Madoff pretty well in life regardless of going to jail
Family running the business didn’t know “not even a single trade was made on Wall Street,”
Conservatives and capitlists are a bunch of corrupt , pedophiles , rapists and liars.
what a bloke….lol
SEC is an incompetent agency. They’re in lost when it comes to a financial crime. People who work in SEC are unqualified and Madoff knew about it so he cheated it.
That photographer pushing Bernie is savage.
Well he didn’t get suicided like EPSTEIN, he had no link to the security state (FBI, NSA, CIA, MOSSAD…)
Bravo
He had not made a trade in over 20 years at the time of his arrest..
The no- lips family…
Why no one ask where is the stolen money…?
On the hill
He was a hero
Greed is wrong but this case was about more than greed. It was about destruction. It was a real Midas case…Both sons are gone
God doesn’t pay debts with money.
RIP legend
Chairman of nasdaq
ran his Ponzi scheme
I pray his soul finds peace.
If Mark knew, he wouldn’t of committed suicide when the news broke. They actually were the ones to report Bernie and never spoke to him again. The real victim here is Ruth, she knew absolutely nothing about what went on on Wall Street and her life changed, her sons died and her husband lied to her her entire life. Ruth isn’t a mastermind, if she was her time would be spent in the office with Bernie, she had no securities license, She didn’t even understand the concept of a “Ponzi scheme”.
He certainly Madoff with a lot of people’s hard earned money.
1:16 whoa wtf! Why did the camera guy push him?😂😂😂
A brilliant Mind nevertheless I there’s no way he was acting alone,
Some of the biggest names on Wall St were moving huge sums of cash out of his company In the months and weeks before it collapsed
@John 14:6 King James Version
6. Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me..
Play stupid games win stupid prizes 😕
Begs the question, if you’re a kingpin of any given criminal activity – be that drug lord or financial scamming wizard – and for a while in your life you’re living like a king, but eventually get caught and end up in prison, and in Madoff’s case dying in prison, was the short time you were a king worth it?
My idol
He was not a capitalist, he was a criminal, and just as there is a difference between a murderer and a socialist that simply wishes to be a dictator, until that time comes, there is a difference.
anonymous sources CNN / newyork time admitted had working with El Jardinero also linked with leads in the US to transport drugs from Mexico to California, Texas, Illinois, Georgia, Washington andVirginia. These are all states in the US where CJNG has drug distribution networks.
He owes me 10 bucks
RIP Bernie. You did more to fix wealth inequality than any government ever could.
Israel mourns yet another true patriot
If he had stolen from minorities he would have easily gotten away. He stole from well connected wealthy white people. One reason he got locked up.
Investment banking is a ponzi.
I never knew why white folks blindly give money to their banks.. Like here ill hold your money “HuH ThE NiCe MaN sAId hE HoLd Mi mONEy” ididots
Greed and bigotry is gonna destroy this nation.
One less “THIEVING @$$ SMALL 🎩” that the world can do without!!!
Kind of resembles Dr Fauci. Fauci is 80, Madoff was 82. All these 80 somethings are long in the tooth thank goodness. Schumer, Pelosi, Waters, Biden nearly. Good things come to those who wait. Hope the damage they do in the meantime is something our country can withstand.
They recovered 75% of the money
Some people were paid by Bernie, everyone didn’t lose their money to that man.
There’s not that much difference between Bernie Madoff’s company, and an insurance company. Isn’t an insurance company pretty much a ponzie scheme?
✌🏿See Ya
Oh well…
Take him back….let him sit more few hundred years in prison….i wish he go through all the suffering he created, one by one, every single family drama…live it by himself fully.. .”take your time”….to taste the fruits of his “genius
Good riddance. Anyone running such schemes, targeting vulnerable people – often Mom and Pop savers – is evil.
Man his sons knew they was a family of gangsters they should’ve just kept it gangsta it happened why guilt trip y’all selves into oblivion, y’all would’ve had Netflix specials by now
I’m incredibly happy to hear of this news. He’a a tool that wanted others life earnings all to himself
All the lives he destroyed I despise greedy people
Several thousand people all saying GOOD! at the same time.
Looks and sounds like an overweight dr. Fauci LOL dr. Fauci doing the same kind of shady s***
C ya
DONALD, YOU’RE NEXT !!!
50 billions dollars of old money 🤣🤣🤣🤣
I have bad news for you. Don’t be so quick to say ‘ he deserved it’. Everything from government, large corporations, pharma companies,.world economic systems, your employers CEO, wall street, Tesla,.bitcoin, nfl,.sports where a guy makes 50 million bouncing a ball to the people running it, are Ponzi schemas.
Sad how he destroyed people and the taxpayers had to take care of him until he died
Money the root of all evil. The man probably had millions and living a good life and had no need to do what he did.
Be rich in the soil, not with paper.
Bye Felicia
Maddoff 50 billion ……Govt 500 trillion….And the whole Damm world is too blind to see it . Satan pawns Have Power
Can we now have a moment of silence at NBC…..to give us time to figure out how to smear Trump with him someway…..cant wait for project veritas to show your motives like they did cnn…fake news t.v show.
The dollar taken off the gold standard in 1971 is the biggest ponzi scheme.
This is capitalism, this is what it teaches you, don’t be discusted or shocked, I’d swap lives with him in an heartbeat. Today capitalism means scam your fellow man.
Stop crying you poor baby gets some balls you damm rat and snitch
He was the fall guy, he was doing what the other bankers were doing.
“why are you looking at me when the fed runs the biggest Ponzi scheme ever?!?” 🤔🤔😂😂😂🤣😂🤣
👀
King scammer, never invested one dime.😂
Wall Street is a casino and in a casino, losses are attributes to the gambler and not to the dealer!
Good night, sweet prince.
Gone too soon.
Karma
Ponzi scheme or no, If MADOFF would have turned that $50B into $100B, NO ONE would’ve said not one word. He(nor anybody) didn’t expected that Market to crash.
… its crazy that his name is Bernie Madoff and he made off with 50 Billion… Its almost fate
Sooo, did they give anything back? If not what’s the point
It’s abominable what he put his family through. What a selfish, greedy man.
Bye bye !!👋 👋
Trump out scammed Bernie
How do you go through billions of dollars with such little to show for it?
Bernie made off with your money!@! Get it??
Now maybe his family can move on.
Madoff sucide? Obvious murder
Well well, good riddance Bernie . I hope Trump and minions follow. I hope more for the Ayatollahs and their families to follow, because they too are ripping the people of Iran off.
Who cares that he died..
This POS and his scam cost my Mom over $220K in retirement 401K money. She was 3 months from retirement when this news hit, so she lost everything.
Capitalism is full of deceits
Imagine being that rich and living that large and ending up in a prison, talk about a lifestyle change.
The fools and his money will soon part.
Bye Felisha! 💃
Oh my days! How shocking is this?
Ha, ha, ha!! Cheerio! Cheerio! Very good, Master Madoff!! Very good!!
A very good actor. He deserve an academy award!
I know sounds strange,and I sympathize with victims, but I feel sorry for this man, he was like a gambler who got carried away in to deep to get out. One son committed suicide. Other died of cancer, I don’t believe his wife knew something like that these guys won’t tell wives. I think too he was protecting son in part the one who committed suicidal Of course what he did was wrong, like so many other wall street crooks and some still haven’t been caught. This was a tragedy on both sides. But too people have to be wary when they invest.,it is always a risk anyway, but corruption lurks around the corner. In some ways this all stems from greed on both sides.
Looking forward to the headlines that say, ‘Trump dies in prison’
The lesson here is that Karma always gets you and your family eventually.
He could’ve got away had his sons not turned him in ..
#Nasdaq eeeeeeeeeeee
Why did he go prison, but nobody in congress did?
NOBODY BECOMES A MILLIONAIRE OR A BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRING MILLIONS OF DOLLARS, AND CONSISTENCY BRING BILLIONS, THE MARKET IS ALL ABOUT BTC AT THE MOMENT NOW………
You’re right ma,
That is why I had to start forex trading 2months ago and now am making benefits from it.
IT IS NOT OVER YET, ALL MONEY MUST RETURN TO INVESTER BEFORE HIS FAMILY CAN GET ANY CASH FROM HIS WILL IF HE HAS ONE?
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kindly text him👆👆👆 tell he I referred you for quick replies,,