The Demise of Bernard Madoff

Consummate Trader
On December 12, 2008, Bernald L. Madoff was arrested by federal agents accusing him of running a multibillion-dollar Ponzi scheme, perhaps the largest in Wall Street's history.

Madoff Securities
For many years, Madoff ran a highly regarded investment firm that delivered consistently and, critics say, suspiciously profitable returns.

Palm Beach
Many of Madoff's victims were the wealthy members of an exclusive golf club in Palm Beach, where the Madoffs kept their own home, above.

The Yacht
"Bull", 55 feet long, is anchored in Juans Les Pins, southern France.

The House in France
The Madoffs also kept a home in this gated community.

Busted
The authorities estimate that Madoff's victims may have lost as much as $50 billion.

Media
Madoff's victims include luminaries of Hollywood and the New York power elite.

Poker Face
Madoff ran his business with several family members. None of them have been charged.

It's Over
Madoff is currently under 24 hour watch, living at his home in Manhattan.