Bernie madoff biography

(1938-)

Who Was Bernie Madoff?

In 1960, Bernie Madoff used $5,000 he earned from lifeguarding and installing sprinkler systems to found his investment company.

Madoff's firm offered reliable returns, and his client list included celebrities like Steven Spielberg. Arrested for running an elaborate Ponzi scheme in December 2008, Madoff pleaded guilty to 11 felony counts in March 2009.

Arrested for running an elaborate Ponzi scheme in December , Madoff pleaded guilty to 11 felony counts in March That summer, the year-old was.

Arrested for running an elaborate Ponzi scheme in December , Madoff pleaded guilty to 11 felony counts in March That summer, the year-old was.

Bernard Lawrence Madoff was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history.

Bernie Madoff was an American hedge-fund investment manager and former chairman of the NASDAQ stock market.

Bernie Madoff, a well-known Wall Street investment advisor, became world-famous for having operated possibly the largest Ponzi scheme in.

Bernie Madoff was an American financier who ran a multibillion-dollar Ponzi scheme that is considered the largest financial fraud of all time.

That summer, the 71-year-old was sentenced to 150 years in prison.

READ MORE: Bernie Madoff: 6 Famous Victims of His Ponzi Scheme

Early Life

Bernard Lawrence Madoff was born on April 29, 1938, in Queens, New York, to parents Ralph and Sylvia Madoff.

Ralph, the child of Polish immigrants, worked for many years as a plumber. His wife, Sylvia, was a housewife and the daughter of Romanian and Austrian immigrants. Ralph and Sylvia married in 1932, at the height of the Great Depression.

After struggling financially for many years, they became involved in finance.

Records of Madoff's fi