âWell, try painstaking research, lots of waiting around, mounds of paperwork.â âThe volunteers piled up mounds of rubbish, including old prams, gates and fences and hoped the Council would remove it.â âPlus, there's a mound of leftover gravel from our deck landscaping project.â
For other people with the same surname, see Madoff (surname). For the miniseries, see Madoff (miniseries). Bernard Lawrence Bernie Madoff (/ËmeÉªdÉf/; 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.
December 10, 2008 - Bernard Madoff allegedly confesses to employees of his company that the asset management portion of his firm is actually a large Ponzi scheme. Madoff says the business had lost about $50 billion and that he plans to turn himself in to authorities in a week. December 11, 2008 - Madoff is arrested on one count of securities fraud for allegedly operating a multibillion-dollar Ponzi scheme from his investment advisory business. He is released on $10 million bail.