Bernard Madoff | The 10 Biggest Frauds in US History

Bernard Madoff

The largest fraud ever by an individual was perpetrated by New York money manager Bernard Madoff, by way of a $65-billion Ponzi scheme. Madoff confessed to his sons in December 2008 and is now serving 150 years in prison. Though the case was reported to the SEC, the watchdog missed several opportunities to stop the fraud.

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