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Bernie Madoff's Ponzi Scheme: What Has Become of His Inner Circle
by Howard Haykin
Tomorrow marks the 10-year anniversary of Bernie Madoff's arrest on December 11, 2008. Madoff's Ponzi scheme victimized thousands and will forever be viewed as one of the most heinous and horrific episodes in financial history.
Of the many internet posts that will recall this event, Monday's post by CNBC's Scott Cohn offers an interesting account - particularly for those of us who lived through that ignomious event - of Bernie's inner circle.
Click on Bernie Madoff's Inner Circle to learn what's become of some of the major players, both individuals and institutions:
- Bernie Madoff
- Wife - Ruth Madoff
- Sons and Traders - Mark and Andrew Madoff
- Brother and CCO - Peter Madoff
- Niece and Legal/Compliance Officer - Shana Madoff Swanson
- CFO, Right Hand Man and Star Witness - Frank DePascali
- 'Madoff Five' Employees - Daniel Bonventre (Ops Director), Annette Bongiorno (Personal Secretary), Joann Crupi (Investment Advisor), George Perez and Jerome O'Hara (Computer Programmers)
- Bank, JPMorgan Chase
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