Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bernard Madoff

TIMOTHY A. CLARY/AFP/Getty Images

Bernard Madoff

Year made public: 2008
Estimated Losses: $65 billion

Madoff was sentenced on June 29 to 150 years in prison, after pleading guilty on March 12 to federal charges that include fraud and money laundering. He lured many high-profile investors by promising to beat the market through a slow and steady investment strategy. But Madoff actually engaged in an elaborate Ponzi scheme. As the markets tumbled late last year, alarmed investors asked to pull their money out. Madoff couldn't come close to providing the $7 billion requested and was turned in by his sons.