Bernie Madoff Can't Sleep
Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor.
Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor.
Four years after Bernard Madoff pleaded guilty to running the largest Ponzi scheme in history, investors are still trying to get their money back.
HSBC, custodian of a fund that lost about $1.5bn through Bernard Madoff’s Ponzi scheme, said liability rules for banks in Europe weren’t as strict at the time of the scandal surrounding the convicted fraudster.
The perpetrator of the largest investment fraud in U.S. history is once again weighing in on the excesses of Wall Street.