The Rise and Fall of Bernie Madoff #shorts #shortsfeed #youtubeshorts

Bernie madoff's Ponzi scheme the largest in history defrauded investors of around $65 billion he promised consistent High returns attracting thousands including wealthy individuals Charities and financial institutions however he wasn't investing the funds but paying returns to earlier investors with new ones money the 2008 financial crisis exposed the scam as withdrawals exceeded new Investments leading to madoff's arrest in December 2008 in 2009 he was sentenced to 150 years in prison with his fraudulent Empire collapsing and victims left devasta