Madoff, the principal of the biggest Ponzi scheme in American history, died. What experiences did he have before his death?

Madoff, the principal of the biggest Ponzi scheme in American history, died. During his lifetime, he planned the biggest investment fraud in American history and defrauded 65 billion dollars from tens of thousands of victims. Bernard? Madoff, 1938 was born in new york, which is a kind of fraud. It means that people believe that a non-existent enterprise has achieved commercial success, but in fact it takes a short time to repay the first investors with other investors' money. From 65438 to 0960, Madoff graduated from Hofstra University Law School. Later, he founded an investment securities company, which started almost from scratch on Wall Street. More than 20 years ago, he actively promoted off-exchange electronic trading and transferred stock trading from telephone to computer. By the early 1980s, Madoff's company had become one of the largest securities dealers in the United States. He also serves as chairman of the board of directors of Nasdaq. Under the guidance of his pioneering spirit, Nasdaq has become a stock exchange that can compete with NYSE, which has made great contributions to the future listing of companies such as Apple, Cisco and Google on Nasdaq. 70-year-old Madoff has been weaving a huge Ponzi scheme for 20 years. This scam is named after its inventor Charles Ponzi, a speculator who immigrated to the United States from Italy in the early 20th century. He lured investors with high returns, and at the same time used the funds of late investors to repay early investors. It is said that 37,000 people in 136 countries around the world were cheated, with a total amount of more than $65 billion, including many American companies and many European and Japanese investors, including many big names and companies. ? However, after the financial crisis, European bankers demanded to redeem as much as $700 billion, while Madoff was unable to raise funds because of asset fracture. He later confessed all this to his son, who then took him to court. Subsequently, Madoff pleaded guilty and was sentenced to 150 years in prison and fined17 billion US dollars.