Biography of bernard madoff

History Heroes presents a brief history of Bernie Madoff breakout beginning object to end, whose remarkable action impacts lastditch lives unexcitable today.



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Bernie Madoff

(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. 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 financial dealings show they were less than successful with the trade. His mother registered as a broker-dealer in the 1960s, listing the Madoffs' home address in Queens as the office for a company called Gibraltar Securities. The SEC forced the closure of the business for failing to report its financ

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Bernie Madoff

American fraudster and financier (1938–2021)

"Madoff" redirects here. For other people with the same surname, see Madoff (surname). For the TV miniseries, see Madoff (miniseries) and Madoff: The Monster of Wall Street.

Bernie Madoff
Madoff in a 2009 mugshot
Born	Bernard Lawrence Madoff (1938-04-29)April 29, 1938 New York City, New York, U.S.
Died	April 14, 2021(2021-04-14) (aged 82) Butner, North Carolina, U.S.
Education
Occupations
Employer	Bernard L. Madoff Investment Securities[1] (founder)
Known for	Being the chairman of Nasdaq and the Madoff investment scandal
Criminal status	Deceased
Spouse
Children
Conviction(s)	March 12, 2009 (pleaded guilty)
Criminal charge	Securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, theft from an employee benefit plan
Penalty	150 years imprisonment, forfeiture of US$17.179 billion, lifetime ban from securities industry
Date apprehended	December 11, 2008

Bernard Lawrence Madoff (MAY-dawf;^[2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of