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Goniff who defrauded Jewish philanthropists and groups in the Boston area completes his life sentence

Bernie Madoff, who out-Ponzied Boston's own Ponzi in an investment scheme that brought in billions, has died in prison. He was 82.

Among his victims were the Lappin Foundation of Swampscott, which was forced to close because of losses from its investments with him and a number of local Jewish philanthropists, mostly notably Carl and Ruth Shapiro, whose charitable foundation lost some $145 million.

He also took all of Holocaust survivor, Nobel Peace Prize recipient and BU professor Elie Wiesel's life savings.

Madoff was arrested in 2008, but his arrest could have come sooner: In 2000, a securities fraud investigator named Harry Markopolos went to the SEC with evidence that Madoff was committing fraud, but the commission ignored him.

In 2009, Madoff pleaded guilty and was sentenced to life in prison.

In 2012, an auctioneer at the Newton Marriott sold off Madoff's more valuable holdings, which included works by Picasso, Chagall, Rembrandt, Cezanne, Peter Max and Warhol, Bulgari and Rolex watches, all sorts of diamonds, emeralds, sapphires and rubies in all sorts of settings and a guitar signed by Bruce Springsteen.

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It looks like the Lappin Foundation reopened, due to contributions by Robert Lappin. https://www.jta.org/2009/07/16/united-states/lappin-reopens-foundation-r...

Their website is up to date, with virtual events this week.

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Voting closed 10

Wasn’t he sentenced to 150 years or something, instead of life?

Shame he didn’t have to serve the full century and a half.

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Voting closed 17

Correct

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By the government not having to buy all that Lysol to spray the cell to combat the rotting corpse for the next 130 or so years.

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Voting closed 9