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When an individual or group of people take a lot of offence, whether it be from a joke or very serious situation( the use of "madiff" usually lightens the mood)
Pronounced: "mad-af"
The person calling the "madiff" will usually drag the word out aloud emphasizing the "mm..."
John:"We going to be late because four-eyes over here cant read."
Paul:"madiff"
Peter (guy wearing glasses): "Fuck off Pinnochio"(John has a big nose)
Paul: "MMMMMMAADIFFF!"
(Laughter)
madiff by Carrot_cake August 7, 2011
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Bernard Madoff 

(nicknamed Bernie Madoff): alongside Nicolas Fouquet, Conrad Black, Jacques Chirac and Michel Platini, IMHO one of the top 5 most corrupt individuals in the Western world (as of May 2013).
The United States knew what they were doing when they sentenced Bernard Madoff to 150 years in jail for his ponze scheme; IMHO the Charbonneau Commission should do the same with all Canadians convicted of fraud and tax evasion.
Related Words

Madoff Machine 

An ATM-like machine that takes in real money, and spits out fake currency with imaginary value, usually cryptocurrency (bitcoin, etc.)
Steve mistook a Madoff Machine thinking it was a regular bank ATM - now his cash is gone.
Madoff Machine by AL Katraz September 26, 2021

Madoffed 

To be scammed in a financial, or Ponzi scheme. Money lost is often several millions of dollars.
Steve: You hear about that cheesedick on Wall street that suckered everyone into giving him money, then ran off on his Yacht?

Charles: Yeah, they got Madoffed.
Madoffed by Client 09 January 9, 2009

Madoff your account 

I am going to Madoff your account
Madoff your account by Ettebe December 21, 2008

Madoff moment 

When you realize that all the money you had been socking away into investments, has already been spent by someone else. Also, that you would have been better off to have spent it all on really dumb stuff like a Corvette, motorcycles, boats, all sorts of big-boy toys; now all you have is basically, nothing.
I just retired and looked at my investments and had my Madoff moment.
Madoff moment by Guido1 February 21, 2009

Bernie Madoff 

When a person is recieves a longer that life jail sentence.
Frank was found guilty for commiting double homocide of the first degree. The judge decided to give him a Bernie Madoff.
Bernie Madoff by Angry Rhino July 6, 2009