1. Madoff had been a former chairman of NASDAQ, one of most closely watched stock exchanges in the world. 2. To insulate his family from the fraud he was committing, Madoff only hired outsiders in his investment firm. 3. One of Madoff's sons tragically committed suicide two years after his father's arrest. 4. Madoff's boat, ironically enough, is named, "Scam-alot." 5. Among Madoff's more famous clients/victims is Hollywood billionaire Steven Spielberg 6. As described by Yang, Ponzi schemes try to encourage investors to "stay in the game" with promises of earning even more money. 7. When investors started to demand about $7 billion in "earned" returns, Madoff was doomed as he only had about $3 billion available to make good on these claims. 8. When the payout in 2016 is finished, former clients of Bernie Madoff will have either been fully repaid or received about 60% of what they were owed. 9. According to the CNBC report, Madoff's lawyer had hoped that President Obama would pardon his client on humanitarian grounds