Friday, December 12, 2008
Robert Lenzner, Forbes,
Robert Lenzner, Forbes,
Bernie Madoff’s $50 Billion Ponzi Scheme
Brazen fraud ensnares well-known investors and nonprofits and gives hedge funds another black eye.
The arrest of the 70-year-old Madoff, widely considered to have the magic touch as an investor, is another serious black eye for the hedge fund industry and all non-transparent investment vehicles.
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Posted by Editor on 12/12/08 at 12:35 PM •
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