Bernard Lawrence Madoff was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.

Far Rockaway High School was a public high school in New York City, at 821 Bay 25th Street in Far Rockaway in the borough of Queens. It operated from 1897 to 2011. Its alumni include three Nobel Prize laureates and convicted fraudster Bernard Madoff.