Bernie Madoff's Ponzi scheme
Bernie Madoff scammed investors out of $68 billion; journalist Richard Behar spoke to Madoff over 50 times for a new book.
Key Points
- Madoff's Ponzi scheme was one of the largest in history
- Behar's research provides insights into Madoff's mindset and motivations
Pros
- Increased awareness of investment fraud
- Lessons learned on due diligence in investments
Cons
- Loss of billions of dollars for investors
- Betrayal of trust in financial systems