GREY:RGVNF - Post by User
Post by
foof28on Dec 23, 2009 4:59pm
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Another Interesting Bio
Another Interesting BioBernard Lawrence Madoff was born on the 29th April 1938 in New York City. He attended the Far Rockaway High School and then graduated from Hofstra University in 1960 with a degree in political science. He is married to his high school girlfriend Ruth Madoff and has two sons, Mark and Andrew, who went to work at their father's firm.
Madoff started his investment firm, Madoff Securities, in 1960 with a $5000 investment which he earned whilst working as a lifeguard and other odd jobs.
The company soon turned into a successful trading firm which was known for its reliable returns of over 10% each year. He was also the Chairman of the NASDAQ stock exchange. By the 1980s the company was one of the largest trading firms and by 2000 it had around $300 million in assets. He was a member of the exclusive Palm Beach Country Club. He owned homes in Europe and New York.
The rest is history...