Madoff pleaded guilty to securities [[fraud]]. His company was, according to his own words after his arrest, "Basically a giant Ponzi Scheme." <ref>http://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former NASDAQ chairman charged with fraud.</ref> He was sentenced to 150 years in federal prison.
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Madoff pleaded guilty to securities [[fraud]]. His company was, according to his own words after his arrest, "Basically a giant Ponzi Scheme." <ref>https://edition.cnn.com/2008/US/12/11/madoff.arrest/?iref=mpstoryview Former NASDAQ chairman charged with fraud.</ref> He was sentenced to 150 years in federal prison.
Before his arrest, Madoff was a leader in [[philanthropy]].
Before his arrest, Madoff was a leader in [[philanthropy]].
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== Campaign Contributions ==
== Campaign Contributions ==
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Madoff gave considerable financial support to the [[Democratic party]]. A partial list of Democrat campaign contributions from Madoff;<ref>[http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=91510 Who'da thunk? Dems made off with Madoff loot!] WND, March 11, 2009</ref><ref>[http://www.opensecrets.org/news/2008/12/madoff-and-company-spent-nearl.html Madoff and Company Spent Nearly $1 Million on Washington Influence] OpenSecrets</ref>
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Madoff gave considerable financial support to the [[Democratic party]]. A partial list of Democrat campaign contributions from Madoff;<ref>[http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=91510 Who'da thunk? Dems made off with Madoff loot!] WND, March 11, 2009</ref><ref>[https://www.opensecrets.org/news/2008/12/madoff-and-company-spent-nearl.html Madoff and Company Spent Nearly $1 Million on Washington Influence] OpenSecrets</ref>