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In this clip, lawyer Moe Gangat shared his thoughts on Love & Hip Hop’s Mo Fayne being sentenced to 17.5 years for PPP loan fraud, and being ordered to pay $3.7 million in restitution. Gangat explained that Mo Fayne was running a Ponzi scheme for years, which was exposed via the PPP loan. To hear more, including Moe stating that he doesn’t think Fayne has any of the restitution money, hit the above clip.
Sen. Marco Rubio, R-Fla., joins ‘America Reports’ to discuss Black Lives Matter protesters praising Cuba during brutal police crackdown. #FoxNews
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Bernard Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, has died in prison. Madoff defrauded his investors, including Steven Spielberg, Kevin Bacon and Sandy Koufax out of billions of dollars. (April 14)
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Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82.
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Bernie Madoff, the financier convicted of masterminding the largest Ponzi scheme in history, has died in federal prison at the age of 82.
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Ponzi Schemer Bernie Madoff Dies In Prison | TODAY
Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence in Federal Prison. He was 82 years old.
His death Wednesday at the Federal Medical Center in the prison in Butner, North Carolina, was confirmed by the US Bureau of Prisons. A cause of death was not released.
In February 2020, he petitioned the courts for an early release from prison, stating that he had terminal kidney failure and a life expectancy of less than 18 months. But the US Attorney’s office for the southern district of New York said Madoff’s crime was "unprecedented in scope and magnitude" and is "sufficient reason" to deny Madoff’s request.
Madoff was the mastermind behind a $20 billion Ponzi scheme — the largest financial fraud in history.
He had a legendary career on Wall Street, famously delivering astronomical returns for his investors, which included director Steven Spielberg, actors Kevin Bacon and Kyra Sedgwick and New York Mets owner Fred Wilpon.
CNBC’s Scott Cohn reports on the life of Bernie Madoff, the Wall Street con artist who masterminded the largest Ponzi scheme in history and bilked thousands of investors out of billions of dollars. Madoff died at the age of 82 in federal prison in Butner, North Carolina.
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Bernie Madoff Dead In Prison At 82: Looking Back At His Ponzi Scheme Impact | NBC News
Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died in a federal prison Wednesday, the federal Bureau of Prisons confirmed to CBS News.
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