Bernie Madoff

Business, Legal & Accounting Glossary

Definition: Bernie Madoff


Bernie Madoff


Full Definition of Bernie Madoff


Former Chairman of NASDAQ that was accused in 2008 of swindling more than $50 billion from investors in a complex Ponzi scheme. The alleged scheme started to unravel in 2008 after the stock market declined substantially and investors made bulk withdrawal requests. Bernie Madoff plead guilty in 2009 and admitted to operating what will go down in history as the largest fraud scheme committed by a single individual.


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Definition Sources


Definitions for Bernie Madoff are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.