crimes of the century: Bernie Madoff by ric gustafson
An investment adviser named Bernie Madoff had an extravagant lifestyle. He owned a penthouse apartment, a French villa, homes in the Hamptons and Palm Beach, yachts and a plane. He told his clients which included Hollywood stars such as Stevin Spielberg and Kevin Bacon that he could guarantee a ten percent return on their money.
In 2008, a financial crisis was sweeping across America. Investors demanded their money and Madoff confessed to his two sons that their was no money to give them. He told his sons that his firm was a huge Ponzi scheme. His sons Mark and Andrew reported their father to authorities. He was arrested and charged with securities fraud. Madoff pleaded guilty to 11 felony counts on March 12 2009. On June 29 2009, the 75 year old was sentenced to 150 years in prison.
His son Mark committed suicide at age 46 and his son Andrew is currently battling cancer.
research help: Enquirer Special Investigation
Peace and God's blessings. Love Ric
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