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Thread: Wall street guy rips off 50 Billion dollars

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    Default Wall street guy rips off 50 Billion dollars

    - Bernard Madoff made off with 50 Billion dollars, and - Forums - CNET

    Bernard Madoff, one of Wall Street's best-known brokers and money managers, was arrested on Thursday after allegedly confessing to his sons in a near nervous-breakdown-type meeting that instead of the $17 billion they thought he had in his funds, there was pretty much zip. The whole thing was—as the criminal complaint quotes Madoff himself saying—"basically, a giant Ponzi scheme" in which investors who wanted their money back got paid with earlier investors' money.
    Last edited by fxtester; 06-20-2018 at 09:54.

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