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Madoff Scandal: The Final Minions Meet Their Fate. After more than six years and 15 convictions, the Bernie Madoff Ponzi scheme, which cost his investors an estimated $50 billion, is finally coming to close. Continue Reading Below.
How Bernie Madoffâs net worth was built. Bernie Madoff is the legendary criminal who ran a $65 billion Ponzi scheme, bilking thousands of wealthy and famous clients out of life savings and investments. Many of his investors are still coming to grips with their financial losses and dignity.