The Biggest Fraudster Of The USA Died!

Bernie Madoff, who established the largest pumice happiness chain in the USA, died in prison.

The biggest fraudster of the USA died! Bernie Madoff, who orchestrated the world's largest Ponzi Scheme, passed away at the age of 82 in prison. It was learned that Madoff died of natural causes in a federal prison in North Carolina. Last year, Madoff's lawyers sought the release of Madoff, the notorious US fraudster, due to kidney disease and worsening health condition. Madoff, who has thousands of customers who have invested billions of dollars, admitted that he made an estimated 60 billion dollars of profits and was sentenced to 150 years in prison in 2009.

Who is Bernard Madoff?

Bernard Lawrance “Bernie” Madoff is a former stockbroker, investment advisor and financier. Born on April 29, 1938 in New York, Bernie is known as the former executive chairman of the Nasdaq stock exchange and the largest financial criminal in US history. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960 and served as its president until his arrest on December 11, 2008. The firm was one of the best market makers on Wall Street. Madoff's brother Peter was sentenced to 10 years in prison, while his son Mark committed suicide by hanging himself two years after his father was arrested. Another son, Andrew, died of lymphoma cancer on September 3, 2014. The sons of the famous swindler admitted in 2008 that the firm's asset management unit was a big Ponzi Scheme. Madoff was arrested by the FBI the next day. The court-appointed trustee estimated that investors' actual losses were $ 18 billion.