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Wall Street Jailbirds

Financial fraud brings to mind names like Bernie Madoff, Raj Rajaratnam and Allen Stanford, to name a few.

They are now doing time in prison for their respective crimes. Bernie Madoffis serving a 150-year sentence for his $50 billion Ponzi scheme. Rajaratnam,found guilty of insider trading charges, was sentenced to 11 years behind bars. Stanfordreceived a 110-year sentence for his $7 billion scam.

However, these notorious cases are far from the only ones involving financial crimes. From money managers who faked their own deaths, to an investment fraud that netted millions, the scams can be just as outrageous as the more infamous cases.

Here we take a look at some of those eye-popping cases. While not every one of these Wall Street jailbirds had offices in downtown Manhattan, they all dealt in the financial world.

Click ahead to see those who have traded in their pinstripes for prison stripes.

Correction: A slide concerning Ross Mandell was removed from this presentation as he has been convicted and sentenced to 12 years in prison, but is appealing and is not yet required to report to prison.


By Michelle FoxPosted 20 June 2012

Photo: Alan Copson | Getty Images