Bernie Madoff of Ponzi Scheme Infamy Has Died in Federal Prison

[bucolic_frolic]

3. Saddest part of Madoff story

If he had done what he said he was doing, he might have stood a chance at making it work. There are ETFs today that hedge assets and indexes and pay almost 1% a month. From what I remember reading Bernie just didn't look at the computer records, let his employees deep-six them, and went on promising great returns. And it was sold pyramid network marketing style. Word of mouth and lucky to have heard about it, they said before the fall.