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12/03/2009 Bernard Madoff pleads guilty for the biggest fraud in Wall Street history

The Madoff investment scandal was a major case of stock and securities fraud. Bernard Madoff, the former NASDAQ Chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate Ponzi scheme.


  • Essentials 

  • Background 

  • Modus operandi 

  • Previous investigations 

  • Final weeks and collapse 

  • Investigation into co-conspirators 

  • Charges and sentencing 

  • Recovery of funds 

  • Affected clients 

  • Impact and aftermath