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Bernard Madoff

by Archie Hayes 2020-04-03, 2:34 PMupdated 2024-01-04, 6:20 PM

Credit...Timothy A. Clary/Agence France-Presse — Getty Images

Bernard Lawrence “Bernie” Madoff is an American former stockbroker, investment advisor, financier, and white collar criminal. He is the former non-executive Chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S. history. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008.