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Showing posts with the label Bernie Madoff and The $50 Billion Heist by CNBC

Bernie Madoff & The $50 Billion Heist

If it sounds too good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s "Ponzi scheme." Victims including charities and bold-faced names leaving some with nothing. On June 29, 2009 Bernard Madoff was sentenced to 150 years in prison.