The Bernie Madoff Scam #scam #shorts #ponzi

one of the most respected men on Wall Street pulled off the largest scheme in the history Bernie Madoff operated made of Securities LLC which took money from investors and promised higher returns but not exorbitant Returns the modest operating of the screen was very simple attract investors by promising High returns using the reputation of Metro from his ears at Wall Street and run upon his scheme we are made of would take money from investors and put it in a bank account and then repay the old one is first with the money from new investors however as the recession came in 2008 investors started to redeem their money from the fund and Madoff was unable to attract human investors and in December 2008 everything about his scheme was told to his sons who turned him over to the authorities and this is