Bernie Madoff’s Ponzi Scheme (2008)
Bernie Madoff’s Ponzi Scheme (2008)
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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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