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'''Bernard L. Madoff''' (born April 29, 1938) is a registered [[Democrat]], former chairman of the [[Nasdaq]] stock exchange, founder of Bernard L. Madoff Investment Securities, and the central figure of the [[Ponzi scheme]] story broken on December 11, 2008. Over 13,000 investors, especially from the Jewish community, lost upwards of $50 billion.

'''Bernard L. Madoff''' (born April 29, 1938) is a registered [[Democrat]], former chairman of the [[Nasdaq]] stock exchange, founder of Bernard L. Madoff Investment Securities, and the central figure of the [[Ponzi scheme]] story broken on December 11, 2008. Over 13,000 investors, especially from the Jewish community, lost upwards of $50 billion.

He was arrested and charged on [[December]] 11 with securities [[fraud]]- his Investment Securities 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 pleaded guilty on March 12, 2009, and was put in jail. He will be sentenced in June, and observers expect he will spend the rest of his life in prison.

He was arrested and charged on [[December]] 11 with 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 pleaded guilty on March 12, 2009, and was put in jail. He will be sentenced in June, and observers expect he will spend the rest of his life in prison.

Before his arrest and during much of his life, Madoff was involved in [[philanthropy]].

Before his arrest and during much of his life, Madoff was involved in [[philanthropy]].