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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.
SHARE. Greed is a hot topic today, stoked in part by investment broker Bernie Madoff's fifty-billion-dollar Ponzi scheme, the Wall Street collapse, the AIG scandal, and the bursting of an overinflated housing bubble--all built on the unbridled greed of investors, buyers and lenders.