Bernard Madoff – number 1 in the rating of financial fraudsters of the XXI century

The former head of the NASDAQ exchange created a financial pyramid, which worked on the principle of paying money to depositors only through the entry of new customers. In 2008, there was a major crisis in the global economy and Bernard Madoff was unable to pay off his investors.

The most interesting thing is that Bernard secretly told about his business problems to his sons, who did not keep the secret, but handed over their father to the police. The total damage from the scam amounted to about $ 160,000,000,000, for which Madoff was sentenced to 150 years in prison.