Question

FIND, CITE AND SUMMARIZE AN ARTICLE WHERE CORPORATE DIRECTORS PAID FOR THEIR BAD ACTIONS WITH JAIL TIME, FINES OR BOTH

Answer 1

Bernie Madoff was an Investment banker, stockbroker and chairman of Madoff Investment securities.

1. Bernie Madoff is the man who created the modern market as we know it.
2. He created NASDAQ.
3.Chairman of NASDAQ.
4.Chairman of National Securities clearing Corporation.
5.Chairman of International Securities clearing Corporation.
6.Chairman of National Association of securities dealer.
7.Chairman of SIA trading committee. 8.Chairman of national business conduct committee.
10.Chairman of NASD.
11. Chairman of small order execution committee.
12. Member of SIA Federal regulations Committee.

He was running a Ponzi scheme through his firm Madoff Investment securities.
After the 2007-2008 financial crisis. He was unable to hold that Ponzi scheme as almost every one of his clients wanted to take the money out in the falling markets of 2008.
He was arrested in 2009 for running a $50 billion Ponzi scheme.
His is under 150 years imprisonment currently. There was also a forfeiture of $17.179 billion from his fortunes.

His Ponzi schemes was busted by his own children.