Friday, December 19, 2008

Madoff Scheme Kept Rippling Outward, Across Borders

Bernard L. Madoff’s fraud, the first worldwide Ponzi scheme, lasted longer, reached wider and cut deeper than anything like it in history.

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2 comments:

ChuckU said...

Not sine Phillip Nolan and Aaron Burr has there been such a treacherous act been made. Hundreds of thousands of investors have been wiped out, businesses have gone broke or are laying off, and a major crises has developed all around the world. Then this guy pours gasoline on the fire. How many other con artists are there? Thousands. Now, there is no longer a nest egg for millions of people who had hopes of retiring comfortably. For them, there is no Christmas.

Unknown said...

Hey people, Madoff's investors were predominantly millionaires and the rich and powerful. Boo-Hoo!!! We need to pay more attention to the working class that are losing thier jobs and homes. I have no sympathy for the rich and powerful, who even after losing millions still make out better than the rest of us!

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