Posts Tagged ‘Ponzi Scheme’

Obama’s Ponzi Scheme

March 14, 2009

No doubt you have heard about the recent conviction of Bernard Madoff, the Wall Street guru who swindled an estimated $50 billion from investors around the world – many who were certainly smart enough to make their own fortunes but decided to turn the management of some or all of their fortunes over to Madoff.   Madoff in turn used a sophisticated Ponzi scheme to give investors the illusion of increased wealth. (more…)

Advertisements