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Bernie Madoff, mastermind of the nation’s biggest investment fraud, dies at 82

Discussion in 'News & Current Events (Articles Required)' started by jayem, Apr 14, 2021.

  1. jayem

    jayem Naturalist

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    He died at the medical center of the medium security federal prison in Butner, NC. He was serving a 150 year sentence. Cause of death is reported as end-stage renal failure, along with other chronic medical problems.

    As per the article, he defrauded 37,000 investors of $65 billion in his massive Ponzi scheme. Though to my understanding, that's the phony total value of what his victims thought they had made. The actual cash he fleeced from them is about $20 billion. Still, the man is the most egregious and contemptible scam artist of all time.

    https://www.cnbc.com/2021/04/14/ber...-nations-biggest-investment-fraud-was-82.html

    BTW: Check the photos in the link. Doesn't Bernie kinda resemble George Washington? It's so weird. Maybe that's how he got investors to trust him. But he could sure tell a lie. :mad:
     
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  2. timothyu

    timothyu Well-Known Member

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    See? God always wins in the end.
     
  3. mkgal1

    mkgal1 His perfect way sets me free. 2 Samuel 22:33 Supporter

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    You're right! He looks just like George Washington in that picture!
     
  4. mkgal1

    mkgal1 His perfect way sets me free. 2 Samuel 22:33 Supporter

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    Yes. Only God defeated death.
     
  5. BrotherJJ

    BrotherJJ Active Member

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    Mr. Madoff's billions in theft was without question disgraceful.
     
    Last edited: Apr 18, 2021
  6. durangodawood

    durangodawood Dis Member

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    Its a long tradition. Reagan did it when there was no particular urgency. So it goes.
     
  7. FireDragon76

    FireDragon76 Well-Known Member Supporter

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    Hell has a new robber baron.
     
  8. timothyu

    timothyu Well-Known Member

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    150 years? I suppose that is non-transferable?
     
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