{"id":4332,"canonical_url":"https://www.kudos365.com/today-in-history/events/2009ce-jun-29--4332","name":"2009 CE, June 29","year":2009,"era":"CE","month":6,"day":29,"url":"https://www.kudos365.com/today-in-history/events/2009ce-jun-29--4332","iso-date":"2009-06-29","precision":"year-month-day","description":"\u003cp\u003eBernard Madoff, American hedge-fund investment manager is sentenced to up to 150 years in prison for operating the largest Ponzi scheme in history worth an estimated $65 billion.\u0026nbsp;\u003c/p\u003e","additional_details":"\u003cp\u003eOriginally arrested on December 11, 2008, he pleaded guilty in March 2009 to 11 federal felonies, including securities fraud and money laundering. He died in prison in 2021.\u003cbr\u003eApproximately, over $15 billion was recovered from Bernie Madoff's Ponzi scheme, with the SIPA Trustee recovering about $14.8 billion and the Justice Department distributing over $4.3 billion to victims, allowing them to recoup nearly 94% of their losses, thanks to extensive legal actions and settlements.\u003c/p\u003e","photo":"https://k365fs.imgix.net/RBaK9KiBQzaUMMaqDF60_Madoff%20-%20fbi-%20PD-R.jpeg?auto=format,compress\u0026fit=clip\u0026max-w=1600","photo_width":903,"photo_height":763,"created_at":"2025-06-28T22:52:44-07:00","updated_at":"2025-12-11T12:06:54-08:00","breadcrumbs":{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"June History","item":"https://www.kudos365.com/today-in-history/june"},{"@type":"ListItem","position":2,"name":"June 29","item":"https://www.kudos365.com/today-in-history/june-29"}]},"schema":{"@context":"https://schema.org","@type":"Thing","@id":"https://www.kudos365.com/today-in-history/events/2009ce-jun-29--4332#eventK365","name":"2009 CE, June 29","headline":"Bernard Madoff, American hedge-fund investment manager is sentenced to up to 150 years in prison for... - 2009 CE","description":"Bernard Madoff, American hedge-fund investment manager is sentenced to up to 150 years in prison for operating the largest Ponzi scheme in history worth an...","url":"https://www.kudos365.com/today-in-history/events/2009ce-jun-29--4332","additionalType":"HistoricalEvent","inLanguage":"en","datePublished":"2025-06-28T22:52:44-07:00","dateModified":"2025-12-11T12:06:54-08:00","publisher":{"@id":"https://www.kudos365.com/#organizationK365"},"image":{"@type":"ImageObject","url":"https://k365fs.imgix.net/RBaK9KiBQzaUMMaqDF60_Madoff%20-%20fbi-%20PD-R.jpeg?auto=format,compress\u0026fit=clip\u0026max-w=1600","width":903,"height":763},"temporalCoverage":"2009-06-29","isPartOf":[{"@id":"https://www.kudos365.com/#websiteK365"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/june","name":"What Happened in June History"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/june-29#pageK365","name":"What Happened on June 29"}]}}