Part 1/11:
The Infamous Story of Bernie Madoff: The Mastermind of the Largest Ponzi Scheme in History
In the realm of finance, the name Bernie Madoff strikes a stark contrast between trust and betrayal. Once a respected figure on Wall Street, Madoff was not just an ordinary hedge fund manager but the former chairman of the NASDAQ. He founded the firm Bernard L. Madoff Investment Securities LLC, which ultimately became the sixth-largest market maker in S&P 500 stocks. However, behind the façade of success lay a monumental deception—Madoff was the architect of the most significant Ponzi scheme to date, amounting to an estimated $65 billion.