June 23, 2021
Scam/Fraud

Before dying, Bernie Madoff lifted veil on the biggest Ponzi scheme in history

As Bernie Madoff gained a reputation as a Wall Street savant, he also acquired an unusual nickname: “The Jewish T-Bill.” The moniker referenced not only the United States Treasury bill — widely seen as a can’t-miss investment — but also Madoff’s heritage. At one point, around 85 percent of his investors were also Jews, aka Members of the Tribe, and included well-known individuals, charities and institutions — from Nobel laureate Elie Wiesel to the Hadassah women’s organization.

As it turned out, Madoff was actually running the biggest Ponzi scheme in history. On December 11, 2008, he was arrested by the FBI, with his…

Read full article here: www.timesofisrael.com