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Line 1: − + − 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.+ − + Line 24:
Line 24: − ==Sentencing== − − Madoff went to court on March 12, 2009. He now lives in a small jail cell with cinderblock walls, instead of his multi-million dollar Manhattan penthouse.<ref>http://news.yahoo.com/s/ap/20090313/ap_on_re_us/madoff_scandal</ref> Line 41:
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[[Image:Madoff.jpg|right]]
[[Image:Madoff.jpg|right]]
'''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 about $13 billion.
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.
Before his arrest and during much of his life, Madoff was involved in [[philanthropy]].
Before his arrest, Madoff was a leader in [[philanthropy]].
==Silver Lining==
==Silver Lining==
* Democratic Senatorial Campaign Committee: $102,000.
* Democratic Senatorial Campaign Committee: $102,000.
== External links ==
== External links ==
[[Category:Business]]
[[Category:Business]]
[[Category:Corruption]]