Tag Archives | ponzi scheme

Government and Fraud

By on December 24, 2008 in Government

by Rep Ron Paul Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors.  The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new [...]

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