When was the American fraudster and a former stockbroker born who had the largest fraud exposure to Fairfield Greenwich Group?
Bernard Madoff Bernard Lawrence "Bernie" Madoff ( ; born April 29, 1938) is an American fraudster and a former stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered the largest financial fraud in U.S. history. Prosecutors estimated the size of the fraud to be $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients as of November 30, 2008.
James M. Davis James M. Davis (born 1948) is the former chief financial officer of Stanford Financial Group. On 27 August 2009 he pleaded guilty to charges of fraud and obstruction of Justice in relation to a $7 billion investment fraud Ponzi scheme allegedly run by the company. On January 22, 2013, Davis was sentenced to five years in jail for his part in the Stanford Financial fraud. He admitted that he was aware of Allen Stanford's misuse of funds and he assisted in keeping the misuse of funds quiet. Davis was also sentenced to three years of supervised release and had a judgement of $1 billion placed against him. He finished serving his sentence at Memphis FCI and was released on July 24, 2017.