Thanks to Burt Blumert for pointing out this extradordinary Saturday NY Times article on Madoff’s global congame.
But whatever else Mr. Madoff’s game was, it was certainly this: The first worldwide Ponzi scheme — a fraud that lasted longer, reached wider and cut deeper than any similar scheme in history, entirely eclipsing the puny regional ambitions of Charles Ponzi, the Boston swindler who gave his name to the scheme nearly a century ago.
Read the article.
5:21 pm on December 20, 2008
