Mini-Madoffs - notable Ponzi schemes
Bernard Madoff (center), a prominent money manager and former chairman of the Nasdaq Stock Market, pleaded guilty in 2009 to losing $50 billion of his investors' funds in a Ponzi scheme. On June 29, 2009, Madoff was sentenced to 150 years for what a federal judge called an act of "extraordinary evil."
While Madoff's was the largest Ponzi scheme ever uncovered, he's not the only one to have bilked unwitting investors. Here are some other notable local and national Ponzi schemes that have been uncovered.