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.It takes a strange kind of genius -- but genius nonetheless -- to do that.
coming soon: the law of evidence on Spindle Law
1 comment:
I think this case demonstrates a very critical factor in this type of swindle: The fact that people are willing to accept something because there's a lot of money involved.
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