Mark Madoff - Failure Museum

Mark Madoff

In 2008, Mark Madoff and his brother Andrew exposed the multi-billion dollar Ponzi scheme committed by their father Bernie. They confronted their father over his plans to distribute hundreds of millions of dollars in bonuses to employees months ahe ...

Charles Ponzi - Failure Museum

Charles Ponzi

In 1920, Charles Ponzi promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage. In reality, Pon ...

Bernie Madoff - Failure Museum

Bernie Madoff

In 2008, Bernie was arrested for turning his wealth management business into a $65 billion Ponzi scheme, which collapsed during the financial crisis.