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IFMS
MADOFF
A Ponzi Scheme
By Akshit
OVERVIEW
• Bernie Madoff • Payout Rules • SEC • Slow down • 150 years Jail
• Ponzi Scheme • Sales strategy • Whistleblower • Confession • Suicides
2008
ABOUT THE SCAM INVESTIGATION FINANCIAL CRISIS JAIL & DEATHS!
• Chairman of NASDAQ stock
exchange
• Chairman of National Securities
Clearing Corporation
• Chairman of International
Securities Clearing Corporation
• Member of Board of directors of
National Association of Securities
dealers
• Chairman of NASD small order
execution committee
• Exclusive Clientele
• Targeted charities to avoid sudden withdrawals
INVESTIGATION
"The lie was simply too large to fit into the agency's limited imagination,"
HARRY MARKOPOLOS
The Whistleblower
• Mark and Andrew Madoff turned their father into the FBI
• Bernie owed US$65billion at the time of arrest
• William Foxton shot himself in a park, having lost all his life savings.
https://en.wikipedia.org/wiki/Madoff_investment_scandal
https://
www.bloomberg.com/news/articles/2018-12-11/the-bernie-madoff-ponzi-scheme-who-s-wher
e-now
https://
www.businessinsider.in/finance/5-years-ago-bernie-madoff-was-sentenced-to-150-years-in-pri
son-heres-how-his-scheme-worked/articleshow/37604176.cms
Any Questions?