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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.
Bernie Madoff talks crime in rare audio recording. Over 25,000 Madoff victims eligible for $4 billion refund. Ponzi king Bernie Madoff is seeking new business ventures behind bars â in the hot chocolate market. Madoff , 78, has bought up all Swiss Miss packets from the commissary at the Butner federal correction complex in North Carolina, and is reselling them for a profit, according to a report.