Bernie L. Madoff Investments- how did it all come together?

[thetransporter]

Bernie L. Madoff - how did it all come together?

What your opinions on what he was doing. Did his family know? How could it go on for 40 years?

[stillworking]

It's called a Ponzi Scheme.
All kinds of documentaries on this.
Check PBS Frontline.

EDIT: http://video.pbs.org/video/1122731028/
Watching this again seems so much more appealing than homework.

[HiTempguy1]

150 years in prison :o

You have to give him credit though, in order to not be able to incriminate his partners in crime. He plead guilty to everything.

I do have to commend him for having that sort of resolve, unfortunately it was for all the wrong reasons. At that point with a couple billion hidden somewhere, you'd think a massive jail break would have been tried!

[thetransporter]

my questions were do you guys think any of the big investment companies or big investors new about it??

[G]

Karma's a bitch youngest son hung himself and the eldest died of cancer last year.

[Xtrema]

Originally posted by thetransporter
my questions were do you guys think any of the big investment companies or big investors new about it??

Someone knew. But you just have to make sure you get off that train before it derails.

We keep saying we get smarter about the stock market and better regulations in place, in the end, investing is just like gambling. It's cat and mouse and there is always somebody or someone tries to game the system.

This will happen again and again and again. There were many ponzi scheme in Calgary too.

Here's our Madoff:

http://www.theglobeandmail.com/news/...ticle23004620/