-
ADD TIME NEWS
- MOBILE APPS
- NEWSLETTERS
Top 10 Crooked CEOs
Bernie Madoff, who is scheduled to be sentenced June 29 for perpetrating history's biggest Ponzi scheme, is just be the latest in a long line of industry titans turned crooks
Bernard Madoff
Bernard L. Madoff Investment Securities LLC
Pleaded guilty: March 12, 2009 to 11 charges of fraud
Next to Bernie Madoff, the rest of the sticky-fingered CEOs on this list seem like dime-store shoplifters. Madoff's decades-long, $65 billion Ponzi scheme, which came to a screeching halt with his Dec. 11, 2008 arrest and earned him 150 years in prison, is perhaps history's biggest financial swindle, and his trademark thin-lipped smile became the defining image of the avarice that last fall nearly brought the global financial system to its knees. What made his deception doubly painful was Madoff's sterling reputationfor years, he was regarded a pillar of the investment community, a taciturn superstar whose clockwork returns had clients nearly breaking down his door. From the 17th floor of the Lipstick Building in Manhattan, the 70-year-old money manager bilked thousands of investors, picking the deep pockets of his country-club counterparts, bankrupting charitable foundations, ransacking tycoons and celebrities alike. When he pleaded guilty in March to federal charges that carry up to 150 years in prison, millions cheered his comeuppance. What we've yet to come to terms with, however, is the way in which his unalloyed greed exposed our own.
See pictures of the demise of Bernard Madoff.
View the full list for "Top 10 Crooked CEOs"Latest Lists
Most Popular »
- The '00s: Goodbye (at Last) to the Decade From Hell
- Scientology : The Thriving Cult of Greed and Power
- Workers of the World vs. China Inc.
- The Growing Backlash Against Overparenting
- Why Ireland Is Running Out of Priests
- Backing Up Files Online: It's Good to Mozy Along
- Germany's Doubts About Afghanistan Grow After Revelations About Air Strike
- Energizer Bunnies: Turning Rabbits into Green Fuel
- Awaking From a Coma: What Did the Doctors Miss?
- Obama's 'Mistakes': Way Too Early to Judge
- The Growing Backlash Against Overparenting
- Workers of the World vs. China Inc.
- Backing Up Files Online: It's Good to Mozy Along
- Scientology : The Thriving Cult of Greed and Power
- The '00s: Goodbye (at Last) to the Decade From Hell
- Why Ireland Is Running Out of Priests
- Awaking From a Coma: What Did the Doctors Miss?
- Will Dubai's Financial Problems Spread?
- Obama's 'Mistakes': Way Too Early to Judge
- Sex, Television and Berlusconi's Path to Power











RSS