Father, Philanthropist, And Ponzi-Scheme Pioneer; Remembering Bernie Madoff
BUTNER, N.C. – A collective moment of silence was felt across the investment community today as word spread of the passing of Bernie Madoff, unarguably the greatest Ponzi-scheme player of all time. Twitter and Facebook posts from traders and private equity firms alike offered their condolences and shared their favorite memories of the man who forged unprecedented levels of investment fraud. Many argued that the term “Ponzi-scheme” should be renamed “Madoff-Scheme” in his honor. Q1 2021 hedge fund letters, conferences and more Bernie Madoff's Crown Jewel AchievementBernie was born in Queens, Ne...