On June 29, 2009, he was sentenced to 150 years in prison with restitution of $170 billion. On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history. Peter was sentenced to 10 years in prison, and Mark died by suicide exactly two years after his father's arrest.Īlerted by his sons, federal authorities arrested Madoff on December 11, 2008. The firm employed Madoff's brother Peter as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as rules and compliance officer and attorney, and Madoff's sons Mark and Andrew. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme. In December of that year, Bernie Madoff, the former NASDAQ chairman and founder of the Wall Street firm Bernard L. The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. Securities fraud, investment advisor trust fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, theft from an employee benefit plan

Madoff Investment Securities (retired), former chairman of NASDAQĭeceased (formerly inmate #61727-054 at FCI Butner Correctional Complex) Stock broker, financial adviser at Bernard L.

Fake chase bank statement