Bernie Madoff, Architect Of World’s Biggest Ponzi Scheme, Dies At 82
On Wednesday, Bernie Madoff died of natural causes at the age of eighty-two. Madoff became infamous as the investment advisor who orchestrated the largest Ponzi scheme in history. Madoff’s scheme was revealed to authorities in 2008 after his sons Mark and Andrew turned him in. Madoff’s Ponzi scheme is currently the largest in world history and the largest financial fraud in U.S. history. Based on the accounts of Madoff’s 4,800 clients that he swindled, the fraud itself was worth $64.8 billion. Madoff’s Ponzi scheme victims included numerous celebrities such as Kevin Bacon, Kyra Sedgwick, John ...