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View Full Version : Record-breaking Ponzi Scheme?


Dyl Ulenspiegel
13-12-2008, 19:06:55
http://www.nytimes.com/2008/12/13/business/13fraud.html?pagewanted=1&em

One guy flushed 50 billion $ down the toilet. Now that's standard Wall Street practice, but he was a fraud even by Wall Street standards. And that went on for maybe decades.

Fucking unbelievable.

Ah yes, was was!

Drekkus
13-12-2008, 23:52:16
so where did the money go?

RedFred
14-12-2008, 03:50:50
Down the toilet according to Dyl. $50B probably clogged a lot of sewers.

Madoff was an idiot. If he just varied his returns somewhat he could have gone on to lose $100B.

Provost Harrison
14-12-2008, 22:38:38
A poncy scheme?

Koshko
14-12-2008, 23:22:35
A Ponch scheme?

Erik Estrada is pissed.

Resource Consumer
16-12-2008, 12:26:07
He'll have to leave his motorbike at home then.

However did he get to be President of the Philippines....