Facts (13)
Data Freshness
Fresh
Last update: 0d ago · Avg age: 1265d
Confidence Tiers:
Primary Source — cross-referenced government/corporate filings
Pending Review — sourced but not independently verified
AI Inference — analytical hypothesis from cross-referencing
Documented Records (12)
Sourced from government databases, press reports, and corporate filings. Not yet independently verified.
Primary Source
The Madoff Victim Fund completed its tenth and final distribution in December 2024, paying over $4.3 billion to 40,930 victims in 127 countries.
Partially Corroborated
The court-appointed trustee Irving Picard has recovered approximately $14.6 billion for Madoff's victims as of December 2023.
Partially Corroborated
Madoff and his family contributed over $400,000 to political campaigns, including well over $100,000 to the Democratic Senatorial Campaign Committee from 2005-2008.
Partially Corroborated
The Madoff family donated more than $380,000 to political candidates, parties, and PACs since 1993, with a heavy Democratic skew.
Primary Source
BLMIS was continuously registered with the SEC as a broker-dealer under Section 15(b) of the Securities Exchange Act of 1934 from 1960 to 2008.
Partially Corroborated
Died April 14, 2021 at the Federal Medical Center, Butner, North Carolina, while serving his 150-year sentence.
Partially Corroborated
Bernard L. Madoff founded Bernard L. Madoff Investment Securities (BLMIS) in 1960, initially as a penny-stock market-maker.
Partially Corroborated
Sentenced to 150 years in federal prison on June 29, 2009 by Judge Denny Chin, SDNY — the statutory maximum.
Partially Corroborated
Pleaded guilty March 12, 2009 to 11 federal felonies including securities fraud, investment-adviser fraud, mail fraud, wire fraud, money laundering, false statements, perjury, and theft from an employee benefit plan.
Primary Source
On December 11, 2008 the SEC filed civil charges (08-CV-10791, SDNY) alleging a multi-billion dollar Ponzi scheme operated through BLMIS's investment-advisory arm.
Primary Source
Arrested by FBI on December 11, 2008 at his Manhattan apartment after confessing to his sons that the asset-management business was "one big lie."
Partially Corroborated
Madoff served as non-executive chairman of the NASDAQ stock market in 1990, 1991, and 1993.
Raw Filing Records (1) — unsourced metadata
Pending Review
Madoff's investment advisory business served between 11 and 25 clients and had approximately $17.1 billion in assets under management as of January 7, 2008.
Date: 2008-01-07
Added: 23 Apr 2026
All Connections (12)
kin
primary
Son; worked at BLMIS; reported his father to authorities.
kin
primary
Son; worked at BLMIS; reported his father to authorities.
kin
primary
Brother; senior managing director at BLMIS; served on SIFMA board.
employed_by
primary
Chief financial officer at BLMIS; key aide in the Ponzi scheme.
parent_child
primary
Father–son. Andrew co-directed BLMIS market-making; reported his father's confession to authorities Dec 10, 2008; died of lymphoma 2014.
founder_principal
primary
since 1960-01-01
Madoff founded BLMIS in 1960 and ran it as principal until the December 2008 collapse.
parent_child
primary
Father–son. Mark co-directed BLMIS market-making; reported his father's confession to the FBI Dec 10, 2008; died by suicide on the second anniversary of the arrest.
sibling
primary
Brothers. Peter served as BLMIS Chief Compliance Officer throughout the fraud and was sentenced to 10 years in 2012.
employer_employee
primary
DiPascali ran the operational mechanics of the BLMIS Ponzi scheme as Madoff's long-serving lieutenant; cooperator after pleading guilty August 2009.
contractor
primary
Primary banker for BLMIS; settled with the government for $2.6 billion over failure to report suspicious activity.
banking_client
primary
since 1986-01-01
Madoff personally and BLMIS banked at JPMorgan Chase from 1986 to 2008. Bank's failure to file SARs on suspicious BLMIS activity formed the basis of the 2014 DOJ deferred prosecution agreement.
shared_institutional_failure
inferential
since 2008-12-11
Both Epstein and Madoff were long-term JPMorgan Chase banking clients whose accounts received internal compliance warnings that the bank chose not to escalate via Suspicious Activity Reports. JPMorgan paid $2.6B (Madoff DPA, Jan 2014) and $290M (Epstein USVI civil settlement, 2023) over its handling of these two clients — the same institution, the same compliance-override pattern, two of the largest financial-misconduct cases of the 21st century.
Sources (8)
Goblin House