Madoff, an American stockbroker and investment manager, committed one of the largest fraud cases in history stealing billions in savings, investments and retirement funds from a wide range of individuals, business and not-for-profit foundations. Once discovered for his illegal felony, Madoff was charge with a crucial criminal count of eleven crimes and intentional torts total, therefore being sentenced to one hundred and fifty years in jail with no bail. Unfortunately, on top of committing the various crimes, investors involved felt the pain and suffering as a result of their dealings with Madoff. The size of this Ponzi Scheme went way beyond anyone’s knowledge of occurrences and ultimately lead to the widespread financial crisis of all victims
Madoff, an American stockbroker and investment manager, committed one of the largest fraud cases in history stealing billions in savings, investments and retirement funds from a wide range of individuals, business and not-for-profit foundations. Once discovered for his illegal felony, Madoff was charge with a crucial criminal count of eleven crimes and intentional torts total, therefore being sentenced to one hundred and fifty years in jail with no bail. Unfortunately, on top of committing the various crimes, investors involved felt the pain and suffering as a result of their dealings with Madoff. The size of this Ponzi Scheme went way beyond anyone’s knowledge of occurrences and ultimately lead to the widespread financial crisis of all victims