White Collar Crimes

← White Collar Crimes27 Sept · 3 min

The $65 Billion Lie: How Bernie Madoff Kept the World’s Biggest Ponzi Scheme Alive

The $65 Billion Lie: How Bernie Madoff Kept the World’s Biggest Ponzi Scheme Alive27 Sept3 min

Bernie Madoff didn’t look like a financial criminal. He was a respected Wall Street figure whose clients believed they had gained access to one of the most remarkably consistent investment strategies in finance. Behind the prestige, however, was an enormous deception built from trust, exclusivity, fabricated records, and billions of dollars flowing from new investors to old ones.