Bernie Madoff convinced wealthy investors to give him large sums of money and promised them an 8% to 12% return a year.But he never really invested their money.Instead,he kept it for himself.What was his punishment?

Question

Quizplus · Accepted Answer

Bernie Madoff was sentenced to 150 years in prison after pleading guilty to operating the largest Ponzi scheme in history, where he used new investors' money to pay returns to earlier investors rather than investing the funds as promised.

Bernie Madoff Convinced Wealthy Investors to Give Him Large Sums