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Ponzi scheme: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "A simple and effective way of defrauding a lot of people at once. Even though Ponzi schemes have been around for literally hundreds of years — the eponymous Charles Ponz...") |
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Here is [[Media:Markopolos.pdf|Harry Markopolos’ 18 page submission about Madoff to the SEC]] from November 2005 — fully three years before the fraud emerged — that says, with the aid of ''twenty-nine'' red flags, “Madoff Securities is the world’s largest [[Ponzi scheme]]”. | Here is [[Media:Markopolos.pdf|Harry Markopolos’ 18 page submission about Madoff to the SEC]] from November 2005 — fully three years before the fraud emerged — that says, with the aid of ''twenty-nine'' red flags, “Madoff Securities is the world’s largest [[Ponzi scheme]]”. | ||
Now, did the {{t|SEC}} take proactive action on this information? Not until some bright spark had the idea of [https://www.youtube.com/watch?v=GqwCxUKVfXo claiming executive privilege from testifying ''to the executive''] they didn’t. | |||
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