Evidence in the Madoff case — plea, books, and OIG file

On 12 March 2009 he pleaded guilty in the Southern District of New York to eleven felony counts, among them securities fraud, investment-adviser fraud, mail and wire fraud, money laundering, false statements, perjury, false SEC filings, and theft from an employee benefit plan.

Judge Denny Chin imposed 150 years on 29 June 2009, the statutory maximum on the counts as grouped. Madoff died in federal custody on 14 April 2021 at the Federal Medical Center in Butner, North Carolina.

Customer statements at collapse implied about $65 billion including fictitious gains. Court and trustee materials later put net principal lost near $17–20 billion. Forfeiture paperwork used a much larger paper figure; SIPA recoveries are tracked against allowed principal claims.

Yes. The 2009 inspector-general report documents multiple tips and examinations, including submissions associated with Harry Markopolos, that did not result in stopping the advisory fraud. The report is a public critique of those reviews.

After the firm entered SIPA liquidation, the Bankruptcy Court appointed Irving H. Picard as trustee to marshal assets and distribute them to allowed customers. His reports and adversary complaints are the main civil record of who received what and when.

Yes. Among them, Frank DiPascali, who had overseen much of the advisory paperwork, pleaded guilty in 2009. Peter Madoff, the defendant’s brother and former chief compliance officer, pleaded guilty in 2012 and received a ten-year sentence. Other employees and outside counterparties faced criminal or civil cases.