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Date apprehended. December 11, 2008. Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [3] [4] He was at one time chairman of the Nasdaq stock ...
10 years in prison (consecutive) and fines of $633,781 (state) [3] Marcus Schrenker (born November 27, 1970) [5] is a former American financial advisor. In 2009, he attempted to fake his own death due to personal, financial, and legal troubles. As a result, he was the subject of a multi-state, three-day manhunt.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion ...
Frank DiPascali, who referred to himself as "director of options trading" and as "chief financial officer" at Madoff Securities, pleaded guilty on August 11, 2009, to 10 counts: conspiracy, securities fraud, investment advisor fraud, mail fraud, wire fraud, perjury, income tax evasion, international money laundering, falsifying books and ...
Stanley Chais was a wealthy investment advisor from Beverly Hills, California, who was accused of steering money to private interests, including Madoff, through Chais's Brighton Co., a limited partnership formed to manage money. He took about 3.8% of the profits as management fees.
The Investment Advisers Act of 1940, codified at 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21, is a United States federal law that was created to monitor and regulate the activities of investment advisers (also spelled "advisors") as defined by the law. Passing unanimously in both the House and Senate, [1] it is the primary source of ...
Frank DiPascali Jr. (October 28, 1956 – May 7, 2015) was an American fraudster and financier who was a key lieutenant of Bernie Madoff for three decades. [1] [2] He referred to himself as the company's "director of options trading" and as "chief financial officer". For a number of years, he played a key part in the daily operation of the ...
Alberto Vilar, a.k.a. Albert Vilar (October 4, 1940 – September 4, 2021) [1] was an American investment manager who became particularly known as a patron of opera companies, performing arts organizations, and educational institutions. Following the collapse of his investment firm, Amerindo Investment Advisors, he was tried and convicted in ...