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localroger

(3,782 posts)
8. As others said, the SEC didn't take Madoff down, what took him down was...
Mon May 15, 2017, 06:45 PM
May 2017

...his Ponzi scheme finally collapsed and he couldn't find enough new investors to pay his old investors. Until that happened nobody would believe the people who were onto him, and once it happened it was waaaaaaay too late.

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