Background
Who did Bernie marry?
What year was Black Monday?
1987
Who helped Bernie get started?
50 extra points for getting his name
His father-in-law, Saul Alpern
How was Bernie caught?
His sons turned him in
What university did Bernie graduate from?
Hofstra University
When did Madoff, supposedly, begin the Ponzi scheme?
Harry Markopolos
What percentage of trading on the NYSE did Bernie account for in the 1980s?
5%
What did Bernie and his brother, Peter, do that revolutionized trading?
What was the year of the first complaint to the SEC?
1992
Who brought Madoff's "investment strategy" to Markopolos to review?
Frank Casey
How many complaints did the SEC receive?
Eight
How did Bernie have the money to start his investment firm?
$5,000 from odd jobs and $50,000 borrowed from his in-laws
What was the exact date of Bernie's arrest?
December 11, 2008
Who was the auditor of Madoff's Firm?
Friehling & Horowitz
What strategy did Madoff tell his investors he used?
Split-strike conversion strategy
When was Bernie born?
April 29, 1938
What year(s) did Bernie serve on the NASD Advisory Council, and as a NASDAQ chairman
1983
1990, 1991, & 1993
Who gave Madoff $250 million right before the collapse of the scheme?
Carl J. Shapiro
What was the name of the Feeder fund created for Madoff by the Fairfield Greenwich Group?
Fairfield Sentry Limited Fund
1) Incredible and highly unusual fills for equity trades
2) Misrepresentation of options trading
3) Secrecy
4) Auditor
5) Unusually consistent and non-volatile returns over several years
6) Fee structure