Listen free for 30 days
-
The Bernie Madoff Ponzi Scheme
- Narrated by: Stan Holden
- Length: 24 mins
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wish list failed.
Follow podcast failed
Unfollow podcast failed
The Bernie Madoff Ponzi Scheme
Buy Now for $5.22
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
Publisher's Summary
On the 29th of June, 2008, Bernie Madoff was sentenced to 150 years in prison. His crime was running the biggest-ever fraudulent scheme in US history, and probably in the history of the world. The prosecutors estimated that Madoff had committed a fraud worth $64.8 billion.
Madoff was a well-respected financier, and this is why investors believed him when he promised consistent profits in return of their savings. Furthermore, he continued to fool his investors, more than 4,800 clients, for a period of over a decade.
So, who was Bernie Madoff? What is a Ponzi scheme? How did Bernie manage to run this fraudulent scheme for such a long time? How was he caught? Find out all about this and much more right here in this book.