Who is Bernie Madoff? History's Largest Ponzi Scheme Explained
Who is Bernie Madoff? History's Largest Ponzi Scheme Explained
Dec 24, 2024
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Watch how the largest Ponzi scheme in history unraveled 10 years ago
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Bernie Madoff: Who He Was and How His Ponzi Scheme Worked
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britannica.com
The $65 Billion Bernie Madoff Ponzi Scheme – A Lesson for All Investors This is the story of the world’s biggest Ponzi scheme — a $65 billion fraud led by Bernie Madoff, the former chairman of Nasdaq. For 20 years, he promised investors 12% fixed returns without any risk, but there were no real investments. Madoff simply used new investors’ money to pay old investors while showing fake profits. When the 2008 financial crisis hit and everyone demanded their money back, the truth came out — there
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