Bernard L. Madoff
Bernard L. Madoff
Out of context: Reply #8
- Started
- Last post
- 13 Responses
- boobs0
The money that came in from new investors was given to the old investors.
So blame them.
- ?turk_182
- That's what a Ponzi scheme is.boobs
- that's not what happened.linearch
- it's exactly what he did actually. a simplification to be sure but that's the basic premise.airey
- that is what a ponzi scheme is.DrBombay
- the only diff being he was making money from fees and percent instead of just running off.airey