Bernie Madoff and the lure of Ponzi Schemes

Like Bernie Madoff, Charles Ponzi was sent to prison for scamming investors out of millions of dollars

If you’re interested in savings and investments, you’ve probably heard of American fraudster Bernie Madoff, the man responsible for the world’s largest Ponzi scheme. Madoff’s insatiable appetite for money led him to coordinate an elaborate Ponzi that embezzled more than US$64 billion (£46bn). For 17 years until his arrest in 2008, Madoff conned thousands of…

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