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Lessons From The Bernie Madoff Fraud, 10 Years Later

TedTed
in The Bullpen
FYI: That’s the lesson for investors from Bernie Madoff’s $64.8 billion Ponzi scheme, which exploded into the headlines 10 years ago this week.

Crime pays for the perpetrators, their families, and their friends. Madoff ended up in prison, but a lot of people got rich during his long-running scam.

That’s why Ponzi schemes survive today, duping even “smart money” professionals on Wall Street.
Regards,
Ted
https://www.barrons.com/articles/bernie-madoff-lessons-1544141839?mod=hp_LEAD_2
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