Wall Street executive Bernard Madoff was recently arrested after admitting to his sons and later, to the FBI, that he was running a gigantic Ponzi scheme -- to the tune of $50 billion. He is now being sued by a number of investors.
Sunday, December 14, 2008
Will the other Ponzi schemes please stand up
Wall Street executive Bernard Madoff was recently arrested after admitting to his sons and later, to the FBI, that he was running a gigantic Ponzi scheme -- to the tune of $50 billion. He is now being sued by a number of investors.
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