Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its Chairman until his arrest. On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history. Several family members worked for him. His younger brother, Peter, was Senior Managing Director and Chief Compliance Officer, and Peter’s daughter, Shana Madoff, was the compliance attorney. Madoffâ€™s sons, Mark and Andrew, worked in the trading section along with Charles Weiner, Madoffâ€™s nephew. Andrew Madoff had invested his own money in his father’s fund, but Mark stopped in about 2001.Having his family in being apart of his place of business and having them in high positions is a sure way of vetting away with illegal activities.
Honestly, I probably would have if none of this information was already exposed.