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Bernie Madoff, mastermind behind largest Ponzi scheme in history, dies at 82
NBC ^
| 4/14/2021
Posted on 04/14/2021 6:48:24 AM PDT by Shadylake
New York (AP) -- Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.
Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.
(Excerpt) Read more at nbcnews.com ...
TOPICS: News/Current Events
KEYWORDS: bernie; berniemadoff; charlesponzi; madoff; ponzischeme
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1
posted on
04/14/2021 6:48:24 AM PDT
by
Shadylake
To: Shadylake
2
posted on
04/14/2021 6:49:25 AM PDT
by
1Old Pro
To: Shadylake
No, social security is the largest ponzi in history.
3
posted on
04/14/2021 6:49:51 AM PDT
by
Rurudyne
(Standup Philosopher)
To: Shadylake
4
posted on
04/14/2021 6:50:01 AM PDT
by
brownsfan
(Term limits! Without term limits, we are doomed.)
To: Shadylake
They had an auction of some of his ill-gotten property here a few years back.....................
5
posted on
04/14/2021 6:50:29 AM PDT
by
Red Badger
("We've always been at war with Climate Change, Winston."..............................)
To: Shadylake
You beat me by a minute;)
6
posted on
04/14/2021 6:51:00 AM PDT
by
sodpoodle
To: sodpoodle
I couldn’t do it for awhile, first got notice on Windows news popup, couldn’t use that. Then it was on Bloomberg and couldn’t use that on here. Got lucky heh.
7
posted on
04/14/2021 6:51:47 AM PDT
by
Shadylake
To: Shadylake
8
posted on
04/14/2021 6:52:06 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Shadylake
I has to excerpt - that took time!!!!
9
posted on
04/14/2021 6:53:03 AM PDT
by
sodpoodle
To: Shadylake
Madoff was never anything more than a frontman for the Lucchese crime family. He preyed on and stole mostly from well to do Jews. He remained silent to the end to protect his children.
To: Shadylake
I had read somewhere that the actor Kevin Bacon was one of the people he fleeced.
11
posted on
04/14/2021 6:53:24 AM PDT
by
CodeJockey
(Dum Spiro, Pugno)
To: Rurudyne
No, social security is the largest ponzi in history.Touche
12
posted on
04/14/2021 6:53:33 AM PDT
by
1Old Pro
To: Shadylake
He destroyed so many peoples financial future. Rot In Hell.
To: allendale
Read that Sandy Koufax lost a ton of money there.
14
posted on
04/14/2021 6:54:29 AM PDT
by
Jolla
To: Shadylake
15
posted on
04/14/2021 6:54:37 AM PDT
by
Steely Tom
([Voter Fraud] == [Civil War])
To: Rurudyne
No, social security is the largest ponzi in history.
The government can simply print up more money to keep Social Security going.
Or not. Maybe they're hoping COVID (or the next series of weaponized viruses) can get rid of the elderly recipients first.
16
posted on
04/14/2021 6:56:52 AM PDT
by
Deo volente
("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
To: Shadylake
Umm... make that the SECOND largest Ponzi scheme...
Why do we leave our governments’ activities out of the running?
To: joethedrummer
Thought EXACTLY the same thing.
18
posted on
04/14/2021 6:59:27 AM PDT
by
JCL3
(As Richard Feynman might have said, this is reality taking precedence over public relations.)
To: Shadylake
To: Shadylake
What no one likes to say about Bernie Madoff is that his scam worked so well because the people he fleeced thought they were getting one over on other suckers.
That and he found it very easy to pay off public pension fund managers to take other peoples' money and invest in his scam - just like government.
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