Once he had been the Wizard of Wall Street, the financial genius who became the darling of the private jet-set for his almost supernatural powers to earn huge returns on clients’ investments. Among his celebrity clients, Zsa Zsa Gabor reportedly lost up to $12 million and actor John Malkovich lost $2.23 million but is said to have got $670,000 of …
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 …
