Jump To Bernie Madoff's Stats
Once upon a time, Bernie Madoff had it going on. The “going on part” caused some problems though. Those problems have reduced his net_worth to $71,202,520.
Now housed in the the Federal Institution in Butner, North Carolina, Madoff appears to have been the mastermind to one of the largest Ponzi schemes perpetrated on U.S. Investors in history. Estimates have pushed the total toward $67 billion, but the true amount has been the devastating effect on the institution of investments, trust in the U.S. Securities systems and those who others deem responsible enough to govern regulatory investment agencies.
In a conciliatory, if not obtrusive move, Madoff pleaded guilty to a rash of Federal charges that accused him of a plethora of financial chicanery and self-enrichment. He was sentenced to 150 years in the clank.
The early estimates of the fraud hovered in the $67 billion range, but those who have dug down and discovered the right math estimated the actual net fraud to be between $10 and $17 billion. How that impacts his legacy may not matter. Most people that loose any money to fraud feel like going after Godzilla.
It turns out that the thief can mix it up a bit. In 2009, Madoff got into a prison yard scrap with another elderly inmate. No information has been available as to whether he stole the other inmates canteen funds too.