400 billion.
About the size of the gap left by US financier Bernie Madoff in his investors’ accounts when one of history’s biggest scams was uncovered in 2008.
Now Madoff is dead, 82 years old. It informs the US federal prison authorities. The financier served a sentence of 150 years in prison.
As far back as the mid-1980s, Bernie Madoff began his so-called ponzi scheme. That typefraud involves money from new investors being used to pay amounts owed to previous investors.
Only during the financial crisis did the house of cards collapse, and Madoff confessed to his sons. They then reported the danger tothe authorities .
