Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:currency
|
| gptkbp:bfsLayer |
6
|
| gptkbp:bfsParent |
gptkb:Madoff_Investment_Securities
|
| gptkbp:aftermath |
Increased regulations on hedge funds
|
| gptkbp:analyzes |
gptkb:Securities_and_Exchange_Commission_(SEC)
|
| gptkbp:casualties |
approximately 37,000
|
| gptkbp:charity_work |
Madoff's firm made donations
|
| gptkbp:conflict |
Contributed to the 2008 financial crisis
|
| gptkbp:debut_year |
gptkb:1980
|
| gptkbp:documentary |
Several documentaries made about it
|
| gptkbp:duration |
28 years
|
| gptkbp:economic_impact |
Widespread financial losses
Market instability |
| gptkbp:family |
Family members were implicated
|
| gptkbp:famous_quote |
" There is no greater fraud than a Ponzi scheme."
|
| gptkbp:financial_products |
Investment funds
Calls for better financial education in schools Calls for improved financial literacy Some financial advisors were complicit Some firms went out of business due to association |
| gptkbp:flag |
Multiple warnings ignored by regulators
|
| https://www.w3.org/2000/01/rdf-schema#label |
The Madoff Ponzi Scheme
|
| gptkbp:influence |
Loss of trust in financial markets
|
| gptkbp:investment |
1 million USD
Individuals and institutions Wealthy individuals and institutions Diverse demographics among investors Partial compensation for some victims |
| gptkbp:is_prominent_in |
Largest Ponzi scheme in history
|
| gptkbp:is_respected_by |
Eroded trust in investment firms
|
| gptkbp:legacy |
A cautionary tale in finance.
|
| gptkbp:legal_issue |
Lawsuits against Madoff's estate
|
| gptkbp:location |
gptkb:Borough
|
| gptkbp:losses |
65 billion USD
|
| gptkbp:media_coverage |
Extensive media coverage
|
| gptkbp:notable_event |
Other financial fraud cases
|
| gptkbp:outcome |
Bernard Madoff sentenced to 150 years in prison
|
| gptkbp:perpetrator |
gptkb:Bernard_Madoff
gptkb:Harry_Markopolos |
| gptkbp:prize_money |
Suspended during the scheme's collapse
|
| gptkbp:production_years |
gptkb:2008
|
| gptkbp:public_awareness |
Increased awareness of investment fraud
|
| gptkbp:public_perception |
Outrage and disbelief
|
| gptkbp:regulatory_compliance |
Increased scrutiny of investment firms
Dodd-Frank Act influenced by the scheme SEC failed to act despite warnings |
| gptkbp:return_policy |
Consistently positive returns
|
| gptkbp:team |
Trustee Irving Picard
|
| gptkbp:type |
Investment fraud
|
| gptkbp:writer |
Numerous books published about the scheme
|
| gptkbp:year_created |
gptkb:2008
|