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The Wizard of lies
 Bernie Madoff was one of the best traders on wall street. His consistent investment returns made him one of the best fund managers. He was the chairman of the NASDAQ stock exchange and revolutionized the trading business. Bernie Madoff started his investment firm in 1960 with $5,000 that he had made working during the summertime as a lifeguard and another 50,000 from his father-in-law.
In order to compete with large investment firms Madoff turned to technology. His firm pioneered the use of electronic trading, opting away from the historic human traders. With this focus on technology the company was able to provide a lower cost for their services which led them to have a substantial share of share market transactions.
He had spent decades building his multibillion-dollar empire until one day the house of cards fell and all that remained was a decade of lies as he had stolen $65 billion, ‘the largest Ponzi Scheme the world had ever seen’.
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