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American former stockbroker, investment advisor, financier, and admitted fraudster. Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008. Madoff was born on April 29, 1938, in Queens, New York, to Jewish parents Ralph Madoff, a plumber and stockbroker, and Sylvia Muntner.

Madoff was chairman of Bernard L. Madoff Investment Securities LLC from its startup in 1960 until his arrest on December 11, 2008. Madoff earned from working as a lifeguard and sprinkler installer. 50,000 from his father-in-law which he also used to set up Bernard L. If your girlfriend goes to buy stockings at a supermarket, the racks that display those stockings are usually paid for by the company that manufactured the stockings. Order flow is an issue that attracted a lot of attention but is grossly overrated. 25,000 a year from 2005 through 2008 to the Democratic Senatorial Campaign Committee.