Washington: American financier Bernie Madoff, who wasted thousands of lives, has died. Madoff breathed his last in prison. Madoff is believed to have cheated people for about $ 64.8 billion. Due to these black exploits, his son also gave his life. The financier, who had committed fraud through the world's largest Ponzi scheme, was arrested in 2008. The court sentenced him to 150 years in prison. However, he died before completing his sentence.
Many celebrities also became victims.
According to 'The Sun' report, Bernie Madoff killed about 37,000 people from 136 countries. The special thing is that celebrities were also included in his trap of fraud. Even the UK's Royal Bank of Scotland came under Madhoff's fraud and invested money in his scheme. In addition, Hollywood director Steven Spielberg, actor John Malkovich, TV hosts Larry King, Kevin Bacon, and Kyra Sedwick became victims of Madoff's forgery.
Original identity found in 1960
Jeffrey Katzenberg, former president of Walt Disney Studios, also suffered a sizeable loss in Bernie Madoff's talk. Madoff claimed that he had made the rich more wealthy, while the reality was that he was making them bankrupt through his schemes. Madoff, who began his financial career at 22, got real recognition when he launched Bernard L. Madoff Investment Securities in 1960. Madoff soon became a well-known name for Wall Street. Not only this, but he also served as the chairman of the Nasdaq Stock Exchange for some time.
Black truth revealed in 2008
Bernie Madoff is believed to have started his Ponzi scheme in the 1970s, but it was revealed during the 2008 financial crisis. When investors asked for their money back, it was found that their money had sunk. People lost lakhs of rupees due to his fake scheme, including Holocaust Survivor and Nobel Peace Prize winner Eli Vijal. Vijay invested about $ 15 million in Madoff's scheme. During an interview, he said that Bernie Madoff knew what he was doing. I want to call him a thief, a criminal, who ruined the lives of thousands of people.
Madoff's son committed suicide.
When Bernie Madoff was arrested, the family could not believe Madoff's black exploits. The family claimed that they did not know anything about it. Madoff's sons Andrew and Mark, said that they should be punished if their father had done something wrong. In March 2009, when Madoff was convicted under securities fraud and other charges, he said he was ashamed of his actions. Bernie Madoff's son Mark could not bear the shock and committed suicide in 2010. Even before this, he tried to give his life. At the same time, the second son died in 2014 due to prolonged illness.
Soldier and Banker also died.
Because of Bernie Madoff's black tricks, only his son did not die. British soldier William Foxton, who lost his hand in Afghanistan, also embraced the death of Madoff. When Foxton found out that his lifetime earnings had sunk, he could not tolerate this step and committed suicide. Similarly, a French banker who invested $ 1 billion in Madoff's scheme also gave his life.
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