BP Editors
Who could forget Bernie Madoff? He’s the mastermind behind a massive Ponzi scheme in which he stole more than $17 billion dollars from investors. A highly regarded investment manager and head of Bernard L. Madoff Investment Securities, Madoff for years pulled the proverbial wool over his clients’ eyes, fleecing them out of millions upon millions of dollars. According to Forbes, Madoff reported almost unheard of returns on his investments, which would eventually lead to his undoing. He was sentenced to 150 years in prison, and now at 75, it seems more than likely he will be there for the rest of his life. TIME called the former NASDAQ chairman’s elaborate scheme “perhaps history’s biggest financial swindle.”
