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Bernard Lawrence "Bernie" Madoff known as Bernard Madoff is the former non- executive chairman of NASDAQ stock market. He was the admitted operator of a Ponzi scheme which is the largest financial fraud in U.S. history. He is well renowned for investment advisor and financier. He worked as chairman in Bernard L. Madoff investment securities LLC from 1960 to December 11, 2008.
He was born on April 29, 1938, in Queens, New York, U.S. He is the son of a plumber, stockbroker, Ralph Madoff and Sylvia Muntner. He attended Far Rockaway High School and graduated from there in 1956. He also studied at the University of Alabama for one year. He transferred to Hofstra University and graduated with Bachelor of Arts in political science in 1960. He also attended Brooklyn Law School.
Moving towards his personal life, Madoff tied the knot with his high school girlfriend Ruth Alpern on November 28, 1959. He met his wife while he was attending Far Rockaway High School. After some time, the couple started dating each other. They are blessed with two sons named Mark and Andrew. Their sons worked in the training section. Their married life is going smooth and they have been supporting each other despite so many ups and downs. There are no gossips about their divorce and extra affairs.
He became famous because of several reasons on December 11, 2008. He was arrested and charged with securities fraud. He admitted that he lost $50 billion of investor's money and later it was proved that he was involved in so many cases like securities fraud, mail fraud, false statements, theft from an employee benefit plan etc. The judge of U.S District Court Denny Chin sentenced him to 150 years prison life. Saddest incident happened in his life while he was imprisoned. He got to know that his son Mark committed suicide and Andrew was diagnosed with cancer. Madoff had suffered a heart attack before 2014.
Talking about his net worth, Bernie net worth is amounted to be billions of dollars but now he is $17 billion debt due to the involvement in criminal activities. The U.S Marshals Service auctioned his three houses in September 2009. He used to spend a huge amount of money in the big restaurant.
He was sentenced to a lifetime in prison that's why he could not spend and enjoy life with his family. His biography and more information on him can be found in wiki sites.
