Ponzi scheme fraudster Bernie Madoff dies in prison aged 82

Massive Ponzi scheme

Jenna Brown
clock • 1 min read
Ponzi scheme fraudster Bernie Madoff dies in prison aged 82.
Image:

Ponzi scheme fraudster Bernie Madoff dies in prison aged 82.

Bernie Madoff, the disgraced US financier at the heart of the largest Ponzi scheme in history, has died in prison aged 82, the BBC reports.

Madoff was convicted of defrauding thousands of investors, ranging from celebrities to normal working people, after his £65bn Ponzi scheme collapsed during the financial crisis in 2008. He was sentenced...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Louis Williams: "Capturing clients’ sustainability preferences provides the adviser with a foundation in which to have a conversation in order to understand their goals from the outset."

Louis Williams: Why getting to the heart of ESG matters

Understanding clients of all ages

Louis Williams
clock 26 November 2021 • 5 min read
Unlocking asset owner capital crucial to net zero goals

$23trn held by top 100 asset owners 'key' to achieving net zero goals

14 out of top 100 asset owners aligned with net zero

clock 25 November 2021 • 2 min read
Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Fund selector insights into sustainable investing

Beth Brearley
clock 24 November 2021 • 1 min read