He made off with their money - he's now dead.

[Bobby]

Bernie Madoff: Disgraced financier dies in prison

https://ichef.bbci.co.uk/news/976/cpspr ... 763818.jpg


Published
https://www.bbc.com/news/business-56750103


5 hours ago

Bernie Madoff, a Wall Street financier disgraced after he admitted to one of the biggest frauds in US financial history, has died in prison at age 82.

His death was announced by the Bureau of Prisons.

Mr Madoff had been serving a 150-year sentence after he pleaded guilty in 2009 to running a Ponzi scheme, which paid investors with money from new clients rather than actual profits.

It collapsed during the 2008 financial crisis.

[Bobby]

https://edition.cnn.com/2021/04/14/busi ... index.html


Madoff was the mastermind behind
a $20 billion Ponzi scheme —
the largest financial fraud in history.

Five things you didn't know about Bernie Madoff's epic scam
Five things you didn't know about Bernie Madoff's epic scam
Judge Denny Chin, who originally had imposed the sentence of 150 years, denied his request for release, calling his crime "one of the most egregious financial crimes of our time," and one that continued to take "a staggering human toll."
"When I sentenced Mr. Madoff in 2009, it was fully my intent that he live out the rest of his life in prison," the Chin wrote in his order last June. "The symbolism of a 150-year sentence was important: the public trust had been eroded by Mr. Madoff's ability to manipulate the system for so many years, he deserved to be punished according to his moral culpability."

[Texan]

I wonder if all of those politicians Bernie supported will have the decency to give his donations to Bernie's victims. It was stolen money after all.

[Bobby]

I wonder if all of those politicians Bernie supported will have the decency to give his donations to Bernie's victims. It was stolen money after all.

Yes and why wasn't Bernie Madoff hanged in front of the NY Stock Exchange?

Is there no justice in America?

[Bobby]

https://www.timesofisrael.com/his-crime ... ie-madoff/


His clients, many Jews like Madoff and Jewish charities,

said they didn’t know. Among them was Nobel Peace Prize winner and Holocaust survivor Elie Wiesel, who recalled meeting Madoff years earlier at a dinner where they talked about history, education and Jewish philosophy — not money.

Madoff “made a very good impression,” Wiesel said during a 2009 panel discussion on the scandal. Wiesel admitted that he bought into “a myth that he created around him that everything was so special, so unique, that it had to be secret.”

Like many of his clients, Madoff and his wife enjoyed a lavish lifestyle. They had the Manhattan apartment, an $11 million estate in Palm Beach, Florida and a $4 million home on the tip of Long Island. There was yet another home in the south of France, private jets and a yacht.

It all came crashing down in the winter of 2008 with a dramatic confession. In a meeting with his sons, he confided his business was “all just one big lie.”