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Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [ 2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [ 3][ 4] He was at one time chairman of the Nasdaq stock exchange. [ 5]
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [ 1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion ...
Columbia House was an umbrella brand for Columbia Records ' mail-order music clubs, the primary iteration of which was the Columbia Record Club, established in 1955. The Columbia House brand was introduced in the early 1970s by Columbia Records (a division of CBS, Inc. ), and had a significant market presence in the 1970s, 1980s and early 1990s.
Frozen orange juice has experienced the biggest drop in sales, falling 39% to $98 million since 2012, compared to a 10% drop to $3.1 billion for refrigerated orange juice in the same period.
John E.W. Keely (1837–1898): American mechanic and carnival barker who claimed to have discovered a new "force" on the likes of Thomas Edison and Nikola Tesla and bilked investors and socialites until the day of his death. [ 10][ 11] David Lamar (1877–1934): American con artist known as "The Wolf of Wall Street".
Blue Chip Stamps started as a trading stamps company called "Blue Chip Stamp Company." They were a competitor of S&H Green Stamps. Blue Chip stamps were a loyalty program for customers, similar to discount cards issued by pharmacies and grocery stores in the digital era. A customer making a purchase at a participating store (typically grocery ...
In New York City, approximately 430,000 jobs were lost and there were $2.8 billion in lost wages over the three months following the 9/11 attacks. The economic effects were mainly focused on the city's export economy sectors. [ 17] The GDP for New York City was estimated to have declined by $30.3 billion over the last three months of 2001 and ...