Special: The mother of all Ponzi schemes
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Special: The mother of all Ponzi schemes

New York City : NY : USA | Apr 07, 2010 at 9:44 PM PDT
Source: India Abroad
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His investment advisory business, Madoff admitted, was a gigantic Ponzi scheme. He had defrauded thousands of high net-worth investors of billions of dollars. This was the mother of all Ponzi schemes and Madoff has been sentenced to 150 years in prison, the maximum for felony. FULL ARTICLE AT India Abroad
 
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