Largest Ponzi Schemes in the World
Netflix recently aired a limited series about Bernard Madoff who fashioned the largest Ponzi scheme to date. Some estimate that the fraud amounted to approximately USD 65 billion of investor monies while others quote a much lower figure of USD 10 – 17 billion1. It is very difficult to arrive at the correct figure as records were fabricated and some investors were too embarrassed to admit that they had been swindled. Regardless of which number is used, it has been called the largest Ponzi scheme to date...