Biography
Bernard Lawrence Madoff was an American financier, con artist, and stock broker who was the admitted mastermind of the largest-known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.
Why they may have been cancelled
Convicted
In March 2009, Madoff pleaded guilty to 11 federal felonies arising from his investment fraud.
Source →Editorial summary · Reviewed 2026-09-30. Inclusion here reflects public controversy, not a judgement of guilt.