(April 29, 1938- )
Born in Queens, New York
Businessman and former chairman of NASDAQ stock exchange
Founder of the Bernard L. Madoff Investment Securities LLC (1960)
Charged with investor fraud (Ponzi scheme) totaling $60 billion
Facing up to 150 years in prison
Set to plead guilty on 11 counts of fraud (March 12, 2009)

He was snitched on by his sons when they found out their dad's asset management firm was a Ponzi scheme.
His fraudulent actions victimized many Hollywood entertainers, including Steven Spielberg, Jeffrey Katzenberg, Kevin Bacon & Kyra Sedgwick, Zsa Zsa Gabor and Larry King.
Non-famous victims who have lost their life savings were forced to work beyond retirement.
While a sizable number of his victims lost everything they had, he was placed under house arrest in his multi-million dollar home.

He married his high school sweetheart Ruth.
He was a philanthropist who donated $6 million to lymphoma research after his son was diagnosed with it.
He also donated to leukemia charities after his nephew died from cancer.
His philanthropic work had him serving on the board of many non profit organizations.
He was powerful and influential enough to be trusted by many Hollywood power players with their funds.

Credit: Battyx3

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