Bernard Madoff's Ponzi scheme
GPTKB entity
Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:currency
|
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:Ruth_Madoff
|
| gptkbp:affiliated_with |
failed to act on warnings
|
| gptkbp:aftermath |
investor lawsuits
impact on financial regulations increased scrutiny of hedge funds changes in investment practices Madoff's assets liquidated Madoff's brother implicated Madoff's family faced scrutiny Madoff's firm dissolved Madoff's legacy of fraud Madoff's son committed suicide Madoff's wife faced financial ruin greater awareness of fraud risks greater emphasis on due diligence impact on family members increased investor education efforts |
| gptkbp:casualties |
approximately 37,000
|
| gptkbp:closure_type |
December 2008
|
| gptkbp:command_structure |
150 years in prison
|
| gptkbp:consequences |
lawsuits against Madoff
lawsuits against investors |
| gptkbp:convicted_of |
securities fraud
December 11, 2008 |
| gptkbp:documentary |
multiple documentaries made
|
| gptkbp:duration |
1970s to 2008
|
| gptkbp:economic_impact |
loss of trust in investment firms
|
| gptkbp:flag |
many red flags ignored
|
| https://www.w3.org/2000/01/rdf-schema#label |
Bernard Madoff's Ponzi scheme
|
| gptkbp:impact |
gptkb:financial_crisis_of_2008
|
| gptkbp:investment |
gptkb:Person
1 million USD pension funds institutional investors wealthy individuals charities hedge funds foundations fake account statements falsified trading records |
| gptkbp:is_prominent_in |
largest Ponzi scheme in history
|
| gptkbp:location |
gptkb:Borough
|
| gptkbp:losses |
65 billion USD
|
| gptkbp:media_coverage |
extensive media coverage
|
| gptkbp:perpetrator |
gptkb:Bernard_Madoff
gptkb:Harry_Markopolos |
| gptkbp:public_perception |
widely condemned
|
| gptkbp:regulatory_compliance |
led to regulatory reforms
increased SEC scrutiny |
| gptkbp:return_policy |
10-12% annually
|
| gptkbp:team |
billions recovered
trustee Irving Picard |
| gptkbp:threats |
reported to SEC
|
| gptkbp:type |
investment fraud
|
| gptkbp:writer |
numerous books written
|