Bernie Madoff arrives at Manhattan federal court in 2009. Like a certain former president, Madoff grew up in New York City’s outer boroughs, where he came to resent the high-hats of Wall Street. While Madoff’s client list increasingly tilted toward the posh and preening in Palm Beach and the Persian Gulf, “it was Bernie from Brooklyn who thanklessly drove the …
Dec. 11, 2008: Madoff is arrested, after confessing to his sons that the asset management side of his firm, Bernard L. Madoff Investment Securities LLC, was a giant Ponzi scheme that prosecutors have estimated was as high as $64.8 billion. December 2008: A trustee, Irving Picard, is appointed to liquidate Madoff's firm and recoup money for former customers, who he …
