Bernard Lawrence Madoff 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. He was at one time chairman of the Nasdaq stock exchange.
He was chairman of the Nasdaq Stock Market in 1990, 1991 and 1993. He sat on SEC advisory committees. All the while, the financier was running a multibillion-dollar Ponzi scheme: the classic swindle in which early investors are paid with later investors' money rather than actual profits on their investments.
BM ran a PONZI JM & ML are running a fake it till you make it paycheck scam