Ernie Madoff, 71, was convicted of operating a Ponzi scheme and defrauding thousands of investors. He pleaded guilty in March to 11 counts, including fraud, money laundering and perjury, and was sentenced to 150 years in prison. Prosecutors have said it was the largest investor fraud ever committed by one person, amounting in billions of dollars stolen from investors. Madoff once owned million dollar estates in Manhattan, Montauk on New York’s Long Island; Palm Beach, Florida; and in Cap d’Antibe, France.
Posts Tagged ‘ernie madoff investment company’
Ernie Madoff Business, A Place of Cocaine and Sex
October 23rd, 2009 
AT2W Staff 
Posted in Celebrities 
Tags: billion dollar investments, ernie madoff cocaine possession, ernie madoff investment company, ernie madoff lawsuit, ernie madoff operated a place of sex and drugs, ernie madoff serving time in prison, ernie madoff stole billions of dollars, illegal investment companies, madoff serving a life term, money laundering, rich people 
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