Bernard L. Madoff Investment Securities LLC Ponzi scheme

E172262

The Bernard L. Madoff Investment Securities LLC Ponzi scheme was a massive, decades-long fraudulent investment operation orchestrated by Bernie Madoff that became one of the largest and most notorious financial scams in history.

All labels observed (9)

How this entity was disambiguated

Statements (64)

Predicate Object
instanceOf Ponzi scheme ⓘ
financial scandal ⓘ
securities fraud case ⓘ
actualTrading little or no real trading in client accounts ⓘ
beganApproximate early 1990s or earlier ⓘ
carriedOutThrough Bernard L. Madoff Investment Securities LLC ⓘ
charges false statements ⓘ
investment adviser fraud ⓘ
mail fraud ⓘ
making false filings with the SEC ⓘ
money laundering ⓘ
perjury ⓘ
securities fraud ⓘ
theft from an employee benefit plan ⓘ
wire fraud ⓘ
claimedStrategy split-strike conversion ⓘ
consequence increased scrutiny of investment advisers ⓘ
major reforms in SEC enforcement and oversight ⓘ
country United States ⓘ
culturalImpact subject of numerous books, documentaries, and films ⓘ
discoveredIn December 2008 ⓘ
durationApproximate several decades ⓘ
estimatedActualLosses about 17–20 billion US dollars (principal) ⓘ
exposedBy Bernard L. Madoff ⓘ
linked to: Bernie Madoff

Federal Bureau of Investigation ⓘ
Madoff’s sons ⓘ
guiltyPlea Bernard L. Madoff pleaded guilty on March 12, 2009 ⓘ
headquartersDuringScheme New York City ⓘ
investmentTypeClaimed equity and options trading ⓘ
legalProceeding United States v. Bernard L. Madoff ⓘ
mainRegulator Financial Industry Regulatory Authority ⓘ
U.S. Securities and Exchange Commission ⓘ
mediaCoverage extensive global media attention after 2008 collapse ⓘ
method fabrication of account statements ⓘ
false reporting of trades ⓘ
using new investor funds to pay existing investors ⓘ
notableVictim Banco Santander (via Optimal Investment Services) ⓘ
linked to: Banco Santander

Elie Wiesel Foundation for Humanity ⓘ
Fairfield Greenwich Group ⓘ
Hadassah, the Women’s Zionist Organization of America ⓘ
UBS-linked feeder funds ⓘ
notableWhistleblower Harry Markopolos ⓘ
officeLocation Lipstick Building, 885 Third Avenue, Manhattan ⓘ
perpetratedBy Bernard L. Madoff ⓘ
linked to: Bernie Madoff
recoveredAmountApproximate over 14 billion US dollars for victims (by mid-2010s) ⓘ
recoveryEfforts clawback lawsuits against net winners and feeder funds ⓘ
relatedConviction Bernard L. Madoff sentenced to 150 years in prison ⓘ
scaleDescription one of the largest Ponzi schemes in history ⓘ
SECFailure multiple missed opportunities to uncover fraud ⓘ
sentencingDate June 29, 2009 ⓘ
totalCustomerClaimsFiled about 65 billion US dollars (purported account values) ⓘ
trustee Irving H. Picard ⓘ
trusteeAppointedBy U.S. Bankruptcy Court for the Southern District of New York ⓘ
typicalPromisedReturns steady, above-market returns with low volatility ⓘ
usedFeederFunds Ascot Partners ⓘ
Fairfield Sentry ⓘ
Kingate Global Fund ⓘ
Tremont Group feeder funds ⓘ
victimType banks and financial institutions ⓘ
charitable foundations ⓘ
hedge funds ⓘ
individual investors ⓘ
pension funds ⓘ
whistleblowerWarnings repeated submissions to SEC from 2000 onward ⓘ

How these facts were elicited

Referenced by (31)

Full triples — surface form annotated when it differs from this entity's canonical label.

Jeffry M. Picower → involvedIn → Bernard L. Madoff Investment Securities LLC Ponzi scheme ⓘ
Lipstick Building → hasTenant → Bernard L. Madoff Investment Securities ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Lipstick Building → associatedWith → Bernard Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Picower Foundation → dissolvedAsResultOf → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Picower Foundation → investedWith → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Bernard L. Madoff Investment Securities LLC Ponzi scheme → carriedOutThrough → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Irving Picard → associatedLegalEntity → Bernard L. Madoff Investment Securities LLC ⓘ
subject linked to: Madoff trustee Irving Picard
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Jeffry Picower → participantIn → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Jeffry Picower → beneficiaryOf → Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Talking to Strangers → includesCaseStudy → Bernie Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Bernie Madoff → founded → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Bernie Madoff → operatedPonziSchemeThrough → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Madoff (miniseries) → basedOn → Bernie Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Madoff (miniseries) → portrays → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Fairfield Greenwich Group → victimOf → Bernard Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Fairfield Sentry → custodianAndBroker → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Fairfield Sentry → underlyingManagerFirm → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Fairfield Sentry → involvedIn → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Fairfield Sentry → investedSubstantiallyAllAssetsWith → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Ascot Partners → channeledFundsTo → Bernard Madoff’s Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Ascot Partners → usedCustodianOrBroker → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Ascot Partners → implicatedIn → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Tremont Group feeder funds → investedWith → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Tremont Group feeder funds → associatedWith → Bernard Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Kingate Global Fund → custodyOfAssetsDelegatedTo → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Kingate Global Fund → involvedIn → Madoff investment scandal ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
United States v. Bernard L. Madoff → relatedTo → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Lipstick Building → formerTenant → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Harry Markopolos → investigated → Bernard L. Madoff Investment Securities LLC ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Harry Markopolos → investigated → Bernie Madoff Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme
Ponzi’s Scheme: The True Story of a Financial Legend → mainSubject → Ponzi scheme ⓘ
linked to: Bernard L. Madoff Investment Securities LLC Ponzi scheme