    
Title: Bernard Madoff Description: Bernard Madoff (Bernard Lawrence Madoff; April 29, 1938- ); financier and former chairman of the NASDAQ stock exchange; admitted he ran a Ponzi scheme considered to be the largest investment fraud in the history of Wall Street; pled guilty to eleven felonies including securities fraud stemming from the scheme and admitted to turning his wealth management business into a scheme that defrauded thousands of investors of an estimated $18 billion; sentenced on June 29, 2009 to 150 years in prison, the maximum allowed by law; a Ponzi scheme is a fraudulent investment scheme that pays returns to investors from their own money or others rather than from actual profit earned; named after Charles Ponzi (March 3, 1882-January 18, 1949), an Italian immigrant and notorious swindler of 1899; Category: Art Topic: Illustrations Subject: Personalities Keywords: frauds, investment frauds, NASDAQ, Ponzi schemes, securities frauds, stock exchange, Wall Street, wealth management, (Illustration by Eduardo Lopez). Orientation: Portrait Dimensions: 2400 x 3097 (7.43 MPixels) (1.29) Print Size: 20.3 x 26.2 cm; 8.0 x 10.3 inches File Size: 21.30 MB (22,332,068 Bytes) Resolution: 300 x 300 dpi Color Depth: 16.7 million (24 BitsPerPixel) Compression: None Image Number: 0000039042c Source: Jay Robert Nash Collection |
