Bernard Bernie Madoff
Bernard “Bernie” Madoff (NASDAQ)
Angela Collier
LEG 100
George Asinc
June 7, 2012
Introduction
Bernard Lawrence Madoff was born April 29, 1938 in New York City to the parents of Ralph and Sylvia Madoff. His father was a child of a Polish immigrant, and worked as a plumber for years. Madoff mother was a daughter of a Romanian and Austrian immigrant, she was a housewife. Madoff parents married in 1932 when the great depression was at its height. After struggling financially for years, they got involved in finance in the 1950s. Bernard Madoff parents was not successful with the trade, his mother was registered as a broker-dealer in the 1960s making their home the office of their company called Gibraltar Securities. They were shut down by the SEC for not reporting their financial conditions.
Bernard Madoff was educated by attending Far Rockaway High School, University of Alabama, Hofstra University where he earned a bachelor’s degree in political science, Brooklyn Law School. Bernard married his high school sweetheart Ruth Alpern, who attended Queens College and studied finance. While Bernie was working as a lifeguard and installing sprinkler systems he saved and used 5,000 dollars for him and his wife to start Bernard L Madoff Investment Securities, LLC. www.biography.com/people/bernard-madoff-466366
Bernard Madoff had got helped from his father-in-law, a C.P.A. retiree, with his company. Bernie business had attracted investors through word-of-mouth and he had an impressive client list that included the rich, not so rich and the famous. With an annual return of 10 percent or
more it grew Bernie’s company fame and reliability, and by the 1980s he handled up to five percent of the trading on the New York Stock Exchange. www.biography.com/people/bernard-madoff-466366
Bernard Madoff had several family members work for him, his brother Peter the Chief Compliance Officer, sons Andrew and Mark was traders,
Angela Collier
LEG 100
George Asinc
June 7, 2012
Introduction
Bernard Lawrence Madoff was born April 29, 1938 in New York City to the parents of Ralph and Sylvia Madoff. His father was a child of a Polish immigrant, and worked as a plumber for years. Madoff mother was a daughter of a Romanian and Austrian immigrant, she was a housewife. Madoff parents married in 1932 when the great depression was at its height. After struggling financially for years, they got involved in finance in the 1950s. Bernard Madoff parents was not successful with the trade, his mother was registered as a broker-dealer in the 1960s making their home the office of their company called Gibraltar Securities. They were shut down by the SEC for not reporting their financial conditions.
Bernard Madoff was educated by attending Far Rockaway High School, University of Alabama, Hofstra University where he earned a bachelor’s degree in political science, Brooklyn Law School. Bernard married his high school sweetheart Ruth Alpern, who attended Queens College and studied finance. While Bernie was working as a lifeguard and installing sprinkler systems he saved and used 5,000 dollars for him and his wife to start Bernard L Madoff Investment Securities, LLC. www.biography.com/people/bernard-madoff-466366
Bernard Madoff had got helped from his father-in-law, a C.P.A. retiree, with his company. Bernie business had attracted investors through word-of-mouth and he had an impressive client list that included the rich, not so rich and the famous. With an annual return of 10 percent or
more it grew Bernie’s company fame and reliability, and by the 1980s he handled up to five percent of the trading on the New York Stock Exchange. www.biography.com/people/bernard-madoff-466366
Bernard Madoff had several family members work for him, his brother Peter the Chief Compliance Officer, sons Andrew and Mark was traders,
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