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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.
Most recently, Madoff's accountant and lawyer is also facing up to 30 years in prison for his role. There are several other notable Ponzi schemes in history, including Allen Stanford's which stole $8 billion and Tom Petters' that cheated investors out of $3.7 billion.