THE LEGACY OF NEW YORK EPISODE 12: BERNIE MADOFF

Bernard Lawrence Madoff (/ˈmeɪdɔːf/;[1] born April 29, 1938) is an American former market maker, investment advisor, financier and convicted fraudster who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme.[2] He is the former non-executive chairman of the NASDAQ stock market,[3] the confessed operator of the largest Ponzi scheme in world history, and the largest financial fraud in U.S. history.[4] Prosecutors estimated the fraud to be worth $64.8 billion based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.[5]

PICTURE BY: By U.S. Department of Justice - http://money.cnn.com/2009/03/16/news/madoff_assets/index.htm, Public Domain, https://commons.wikimedia.org/w/index.php?curid=6270525

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