In this episode of "This Week in Wall Street History," host Todd M. Schoenberger, CEO of CrossCheck Media Inc., revisits March 12, 2009, when Bernie Madoff pleaded guilty to orchestrating the largest Ponzi scheme in U.S. history. Madoff admitted to defrauding clients of nearly $65 billion, leading to a 150-year prison sentence. The scandal profoundly impacted investors worldwide, prompting significant changes in financial regulations. As of December 2024, the Madoff Victim Fund concluded its final distribution, returning over $4.3 billion to nearly 41,000 victims globally, covering approximately 94% of their losses.
For more finance and business insights, tune in to BTT (Biz Talk Today TV) or subscribe to the CrossCheck Media channel on YouTube.
#BernieMadoff #PonziScheme #WallStreetHistory #FinancialFraud #InvestmentScandal #CrossCheckMedia #BizTalkTodayTV #FinancialRegulation #InvestorProtection #MadoffVictimFund #BTT #CrossCheckMedia #ToddSchoenberger
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Published on 9 months, 2 weeks ago
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