Recent events
2026-04-24
Transactions
PRIMARY
As of April 2026, SIPA Trustee Irving Picard has recovered approximately $15.378 billion and distributed over $14.799 billion to BLMIS customers with allowed claims.
2014-01-07
Transactions
PRIMARY
In 2014, JPMorgan Chase entered into a deferred prosecution agreement, admitted to Bank Secrecy Act violations, and paid $1.7 billion to Madoff victims.
2014-01-07
Transactions
PRIMARY
In 2014, JPMorgan Chase entered into a deferred prosecution agreement, admitting to Bank Secrecy Act violations and paying $1.7 billion to Madoff victims.
2012-06-29
Other facts
PRIMARY
Peter Madoff served as Chief Compliance Officer and Senior Managing Director of BLMIS from 1969 to December 2008 and created false compliance documents.
2011-12-22
Other facts
SECONDARY
Mark and Andrew Madoff, Bernie's sons, ran the market-making and proprietary trading businesses (House 5) and were not charged with criminal wrongdoing related to the Ponzi scheme.
2009-09-04
Other facts
PRIMARY
The SEC's Office of Inspector General found that the SEC received six substantive complaints about Madoff between June 1992 and December 2008 but failed to uncover the fraud.
2009-09-04
Other facts
PRIMARY
The SEC's Office of Inspector General found that the SEC received six substantive complaints about Madoff between 1992 and 2008 but failed to uncover the fraud.
2009-08-11
Transactions
PRIMARY
Frank DiPascali Jr., BLMIS's de facto CFO and director of options trading, oversaw the creation of millions of phony trading records.
2009-03-18
Other facts
PRIMARY
BLMIS's auditor, David G. Friehling of Friehling & Horowitz, CPAs, falsely certified audit reports from 1991 through 2008 without conducting meaningful audits.
2009-03-12
Other facts
PRIMARY
Bernie Madoff pleaded guilty to 11 felony counts on March 12, 2009 and was sentenced to 150 years in prison.
2009-03-12
Other facts
PRIMARY
Bernie Madoff pleaded guilty to 11 felony counts on March 12, 2009, and was sentenced to 150 years in prison.
2009-01-16
Transactions
PRIMARY
FINRA examinations of BLMIS's broker-dealer operations found no evidence of trading on behalf of the investment advisory business.
2009-01-16
Transactions
PRIMARY
FINRA examinations of the broker-dealer operation found no evidence of any trading on behalf of the investment advisory business and no customer statements generated by the broker-dealer.
2008-12-15
Transactions
SECONDARY
BLMIS feeder funds included Fairfield Sentry ($7.5 billion), Tremont Group/Rye Investment Management ($3.1 billion), and Kingate Global Fund ($2.7 billion).
2008-12-15
Other facts
PRIMARY
The firm was headquartered at 885 Third Avenue in New York City, known as the Lipstick Building.
2008-12-15
Other facts
PRIMARY
Placed into SIPA liquidation December 15, 2008; Irving H. Picard appointed Trustee.
2008-12-15
Transactions
PRIMARY
BLMIS operated three business units: a market-making business, a proprietary trading business (both referred to as 'House 5' on floors 18–19), and the fraudulent investment advisory business ('House 17' on the 17th…
2008-12-15
Transactions
PRIMARY
BLMIS operated two distinct units: a legitimate broker-dealer (market-making) business occupying the 18th and 19th floors, and a fraudulent investment advisory operation on the 17th floor.
2008-12-15
Other facts
PRIMARY
BLMIS was placed into SIPA liquidation on December 15, 2008, with Irving H. Picard appointed as Trustee.
2008-12-11
Transactions
SECONDARY
At the time of collapse, customer account statements showed approximately $65 billion in fictitious balances, while actual principal lost was around $20 billion.
2008-12-11
Transactions
SECONDARY
Customer account statements at the time of collapse showed approximately $65 billion in fictitious balances; total cash actually invested by victims (net of withdrawals) was approximately $20 billion in principal losses.
2008-12-11
Transactions
SECONDARY
Customer account statements at the time of collapse showed approximately $65 billion in fictitious balances; actual cash invested (net of withdrawals) was approximately $20 billion in principal losses.
2008-12-11
Transactions
PRIMARY
The investment advisory business was a massive Ponzi scheme; Madoff confessed to employees that it was insolvent and estimated losses at $50 billion.
2008-12-10
Transactions
PRIMARY
Madoff confessed to senior employees on December 10, 2008 that the investment advisory business was 'basically a giant Ponzi scheme' and that the firm was insolvent.
2007-01-01
Transactions
SECONDARY
Madoff transferred approximately $160 million of personal assets to MSIL in 2007; about $1 billion moved between the US and London entities in 2008.
+8 earlier events on the chart
