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Downtime Archive

DOWNTIME Part 1 – How the World Fell for It

Posted January 5, 2009 By David Haggith

How do thousands of the world’s supposedly most brilliant investors fall for a con like Bernard Madoff and lose their shirts and slacks? The puzzle is not to explain how one person can be such a great con. There was nothing genius about his plan. His form of pyramid scheme, known as a Ponzi scheme, is one […]