Bernard Madoff arrested for conducting a $50+ billion Ponzi scheme

Normally I don’t write more than one blog entry per day, but a news article caught my attention this morning.  It is a sober reminder that Ponzi schemes exist in both the offline and online realms.

Bernard Madoff was arrested for conducting a giant Ponzi investment scheme that involved over 50 billion dollars.

You can read the entire article here:  http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5331997.ece

  • Nauticus

    I’m speechless…This turned my vision about investment in a whole new direction. Thank you for sharing this!

    Reply