Trump’s fraud-trial judge asked a pointed question during the New York AG’s closings on Thursday. “How would you compare the fraud you’re alleging to the Madoff Ponzi scheme?” he asked. “It’s smaller,” a lawyer for the AG said, adding that both cases demonstrate a sense of entitlement. In a possible bad omen for Donald Trump, … Read more
Bernie Madoff leaves federal court in New York on March 10, 2009. Jin Lee | Bloomberg via Getty Images The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, the Department of Justice said Monday. The announcement, made … Read more
Bernie Madoff infamously orchestrated the largest known Ponzi scheme of all time. This Ponzi scheme was worth close to $65 billion. Once upon a time, Madoff was the chairman of the Nasdaq stock exchange. Madoff’s company had two branches. One handled stock brokerage and the other took care of the asset management business. The asset … Read more