This former Nasdaq chairman made off with $50 billion via his Ponzi scheme. Name that Wall Street fat cat.
Answer Bernie Madoff
Most people know Bernie Madoff's mug, as he is considered the modern-day Ponzi. The $50 billion Ponzi scheme engineered by the former Nasdaq chairman is one for the books. As with most Ponzi schemes, Madoff's successful fraud was born on his credentials and his method of paying off existing investors using new investor funds. Madoff was turned in by his own sons in 2008 and was sentenced to 150 years in prison.
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