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Bernie Madoff's big fat Ponzi scheme - How was it discovered?

Author
Zerodha Varsity
Published
Tue 15 Apr 2025
Episode Link
https://side-notes-by-zerodha-varsity.simplecast.com/episodes/ep-47-bernie-madoffs-big-fat-ponzi-scheme-how-was-it-discovered-d8rFx64L

Bernie Madoff ran an investment management firm that was not open to all - it was an invite-only club. That is what made it aspirational. Many investors saw it as a sign of status if they got to invest with Madoff. But no one knew that Madoff was not investing their money; he was just running a Ponzi scheme that lost investors a massive $65 billion.

How did he pull it off?


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