New York (CNN Business) – Bernard (Bernie) Madoff, the man behind the scheme Ponzi the most notorious of history, killed 82 years ago while serving a sentence of 150 years in a federal prison.
It was arrested on December 11, 2008 to steal miles of millions of dollars to miles of investors. He pleaded guilty three months ago to charges of fraud.
Madoff completed his mandate in the Federal Butner Correctional Complex of North Carolina Media Security in his release scheduled for November 14, 2139.
Madoff’s scandal has appeared in the titles over the years, but toadavia has many things that the people do not know the mayor’s esquema Ponzi (a pyramid-type fraud) of history.
1. Madoff’s victims are about to recover their money.
Irving Picard, the trustee appointed by the tribunal in the Madoff case, has recovered more than US $ 14,400 million from the US $ 20,000 million in robust assets. De esa cifra, US $ 13,600 million, is to lighten the avers.
This includes the US $ 850 million in effective anticipation of the cases that will be proportionate by the Corporation for the Protection of Inversionists in Values.
The ultimate distribution in February 2021 will be given to each customer approximately 70% of the amount of their advertised permit, provided that it is completely satisfied.
The mayor took part in the dinner he received from Picard’s lawyers, who agreed with antiquated investors who would retire from Madoff’s company. Although many of these affirmative investors do not know anything about the Ponzi scheme, the fideicommissariat is asking for it to benefit from it.
A separate fund from the Department of Justice in December 2020 will cover US $ 488 million. The total pages of the Madoff Victim Fund raise more than US $ 3,000 million, and the government plans to distribute the US $ 4,000 million in full.
“The pain experienced by Sr.’s fraud victims. Madoff did not diminish with his death, nor did our work in the number of his victims end. My team is legal and we are committed to continuing to identify and recover the robbery funds of Sr. Madoff and his devotees have two legitimacy, “Picard said in a statement after Madoff’s death.
2. Inklusief ahora, nadie sabe cuándo comenzó el Madoff de Madoff
Nadie tried to get Madoff to start robbing the inverse. Madoff’s proposition has contradictory statements about when crime began. He told CNN Business in a 2013 interview that he all started in 1987, but he said that he started the plan in 1992. Some informers say that Madoff’s crime story was started in the 1960s, when he started working in Wall Street.
The claimant Madoff, Frank DiPascali, Jr., testified in his testimony before the tribunal that he had committed financial offenses “since his memory”. Started working in the company in 1975.
3. Madoff in reality no robos US $ 65,000 million.
His ponzi scheme is known as a $ 65,000 million crime. Hecho, in reality robos US $ 20,000 million in principal funds that are invested with el. The company generates extracts that are decimated to the inversionists who obtain returns for a total value of US $ 65,000 million, but these returns are non-existent. Enttones, while respecting the people who confided in all the horrors of his life in Madoff, actually lost US $ 65,000 million; it’s only that three of these money will be a product of Bernie’s imagination.
4. The defendants have already embezzled around US $ 800 million limping the Madoff disorder.
Picard and his company have the cost of restoring Madoff’s robust assets and redistributing them to their victims. This is a massive international company, much of which has been contracted to other buffet owners. But more than a decade has passed since its launch, Picard and its firm, Baker & Hostetler, have raised $ 1,000 million in legal fees, law.com reports in 2018.
5. Vida en prisión no es tan mala, dijo Madoff. But no podium dormir.
At the beginning of 2013 with CNN Business, the share of 75 years is worth ten works for the whole US $ 40 on limp phones and computers during “a few hours on the day”. He creates his respected companions and promises that he will pass on his time by reading periodicals and short stories.
Dijo que se despertaba temprano – 04:30 – no porke tuviera que hacerlo, sino porque no podía dormir. She was obsessed, he said, with the suicide of his mayor Mark, who died on December 11, 2010, the second anniversary of his father’s arrest.
“I am responsible for the death of my brother Mark and I am very, very difficult,” he said. “Vivo con eso”.
In 2020, Madoff was sentenced to early release due to his medical condition. It was collected by the tax authorities and collected by the juice that originally contained it for 150 years.
Editor’s note: this story was originally published on December 11th, 2013 and was updated.