A damage assessment report estimates the financial losses associated with the Ponzi scheme crime. (jan 1, 2009 – feb 16, 2011)

Description:

5 January 2009
Prosecutors reveal Madoff distributed $1m worth of jewelry and personal possessions to friends and relatives. Prosecutors say he violated an order freezing his assets.

8 January 2009
Prosecutors reveal Madoff had $173m in signed cheques in his desk when he was arrested, which they argue show he sought to keep assets from fleeced investors. Prosecutors ask Judge Ronald Ellis to send Madoff to jail; Ellis declines.

12 January 2009
Madoff avoids jail when judge rules he can stay in his $7m apartment but must submit to mail searches.

15 January 2009
Financial services regulators say no evidence exists that Madoff ever traded a single share on behalf of his investment clients, in more than 40 years of examining his books.

12 March 2009
Madoff jailed after pleading guilty to all 11 charges against him.

14 March 2009
Madoff appeals for bail and reveals his wife's huge fortune.

16 March 2009
US authorities to seize $69m of assets held in Ruth Madoff's name, including a Manhattan penthouse and $17m bank account

18 March 2009
Madoff accountant, David Friehling, charged with fraud as prosecutors claim he helped deceive investors by rubber-stamping accounts for 17 years.

11 June 2009
Madoff fraud victim, William Foxton, 65, killed himself amid claims he was unable to face the shame of losing his family savings through the Ponzi scheme.

16 June 2009
More than 100 former clients who lost money in Madoff's Ponzi scheme outline the devastation wreaked on their lives in statements to the judge conducting the case.

29 June 2009
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Madoff sentenced to 150 years in prison. He said he has left "a legacy of shame", while victims applaud the maximum sentence.

29 July 2009
Madoff tells a lawyer that he was "amazed that he got away with it" for so long and thought several times when meeting SEC officials that "they got me".

2 April 2010
Actor John Malkovich seeks to recover $2.3m he lost in Madoff's firm.

25 November 2010
A trustee for Madoff's victims launches legal action against UBS for "enabling" the fraud. Goes on to sue JP Morgan and HSBC.

11 December 2010
Mark Madoff, Bernard's son, is found dead in his apartment on the second anniversary of his father's arrest.

16 February 2011
Madoff tells his biographer that banks knew he was committing fraud but chose not to do anything about it.

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