Archive for Ponzi Scheme
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Is there a legitimate distinction between a Ponzi Scheme and the Modern Model of Financial Services?
So Bernard Madoff has admitted that the Financial Services and Management division of his company is essentially an enormous Ponzi Scheme. $50 Billion U.S. is at stake, as are the subsequent investments of hundreds of millions of dollars hedged on money, debt, and guarantees from Madoff’s organization. In the end, charities are being closed, and [...]
