How much money did Bernie Madoff steal?

A new documentary series about fraudster Bernie Madoff is now streaming on Netflix. The four part MADOFF: The Monster of Wall Street It was directed by Oscar nominee Joe Berlinger.

Whether you know the whole story or are just hearing about it for the first time, this is a real-life story worth “listening to”. Madoff was able to pull off the largest Ponzi scheme, a form of money fraud, in history. The document includes interviews with whistleblowers, employees, investigators and the victims of investors who, according to the streaming service, lost their money because of him.

You can also expect to see how he became such an influential statesman on Wall Street, his fraudulent investment business and those who chose to turn a blind eye to what he was doing. Also, as you’ll learn, he may not have done all the work himself.

How much money could Madoff raise in the biggest Ponzi scheme in history? Below we have the answer for you.

How much money did Bernie Madoff steal?

The scammer stole an estimated $64.8 billion from thousands of investors! Yes. Billion. According to Reuters, the schemer said he started scamming people in the early ’90s, but in court a former dealer admitted he had been falsifying records for Madoff since the early ’70s. About $14 billion has been collected and returned to investors, but the remaining funds have yet to be found. The Madoff Recovery Initiative continues to seek the rest of the money to help victims recover.

What was Bernie Madoff’s phrase?

Madoff pleaded guilty to 11 felonies and was sentenced on June 29, 2009 to 150 years in prison. How was he caught? In December 2008, the schemer’s sons, Mark and Andrew, told authorities he had confessed to what he had done to them. On December 11 of that year, the FBI arrested and charged Madoff.

The Wall Street monster served nearly 12 years of his sentence before dying in a North Carolina prison on April 14, 2021 due to ill health. He was 82 years old.

MADOFF: The Monster of Wall Street now streaming on Netflix.

https://netflixlife.com/2023/01/05/monster-wall-street-much-money-bernie-madoff-steal/ How much money did Bernie Madoff steal?

Sarah Ridley

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