In the United States, the head of the largest financial pyramid Bernard Madoff died. One of the main essayists of the century was 82 years old, writes CNBC.
Madoff served a sentence in North Carolina, he suffered from kidney disease. The financial pyramid-founded person acted for more than 20 years, about 37 thousand people became victims in 136 countries. They lost total 65 billion dollars. In December 2013, it was reported that the compensation managed to collect only 12.9 billion dollars.
Among the victims were large and medium-sized banks, financial and investment companies, insurance and charitable foundations. Madoff Securities was considered one of the most reliable financial institutions. According to one of the versions, the financier himself admitted to fraud with his sons, after which they turned to the authorities.
At the trial, Maidoff said he was guilty of fraud and financial fraud. He stated that for 20 years, the investors were deceived: he did not make any transactions, but simply listed money from one bank account to another. At the end of 2010, one of the sons of Madoff was found hanged in his own house.