A modern-day Ponzi, Bernard Madoff now resides in Butner, NC's federal prison serving a 150-year sentence.
Madoff's wealth-management business (Ascot Partners, for you trivia buffs) was revealed in 2008 for fraudulently receiving funds from one set of investors and using the money to pay off earlier investors.
Fraudsters and social engineers can often get by with more charisma than cleverness - most schemes seen today have been around for ages. Madoff's just happened to be worth $65B or so.
Originally published on CSO| Click here to read the original story.