Homonym: Bernard Madoff (Scandal)
Bernard Madoff was an American financier and former chairman of the NASDAQ stock exchange. He is best known for orchestrating one of the largest Ponzi schemes in history, defrauding thousands of investors out of billions of dollars over several decades.
In December 2008, Madoff was arrested and later sentenced to 150 years in prison. His scheme collapsed during the financial crisis, revealing the extent of his fraudulent activities and leading to significant changes in regulations surrounding investment practices and oversight in the financial industry, including the role of the Securities and Exchange Commission (SEC).