Sunday July 5, 2020

Time up for Madoff after $65bn trail of destruction

Bernard Madoff this weekend exchanged a $7 mill ion Manhattan penthouse for a small prison cell, having pleaded guilty last Thursday to a scandal that rocked the financial world, bankrupted several charities and left numerous individual investors wit

14th March, 2009

Bernard Madoff this weekend exchanged a $7 mill ion Manhattan penthouse for a small prison cell, having pleaded guilty last Thursday to a scandal that rocked the financial world, bankrupted several charities and left numerous individual investors without their life savings.

Madoff admitted 11 counts of fraud, money laundering, perjury and theft. His crimes carry a maximum of 150 years in prison.

The disgraced financier ran an investment business that had, for years, claimed to be making returns,...

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