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New York - Experts: Ponzi Scheme By Chairman of YU Business School Is Largest Ever In History

Dec 12, 2008 at 09:22 AM

New York - Former chairman of the Nasdaq Stock Market Bernard Madoff who was arrested yesterday and accused of orchestrating a ponzi scheme that bilked some $50 billion out of investors, is the largest ever ponzi scheme. The founder of Bernard L. Madoff Investment Securities allegedly has been running the scheme for years, using new money coming into the fund to pay returns to other investors...

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