Bernie Madoff. Madoff Investment Securities LLC admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme. Madoffs legitimate brokerage business was wildly successful making him and his family extremely wealthy.
The house where Ruth is now residing is owned by Madoffs former daughter-in-law Susan Elkin and her new husband Richard. In hindsight when I look back it wasnt as if I couldnt have said no Madoff says toward the end of a recording. But the gutting losses and shame also destroyed those closest.
The end result of course is that Madoff.
The fraudster behind the largest Ponzi scheme in history passed away at the Federal Medical Center in Butner North Carolina from natural causes a person familiar with the matter told The Associated Press. Bernie Madoff infamous Ponzi schemer has died. But the gutting losses and shame also destroyed those closest. Learn more about his life and crimes.
