Billion Dollar Ponzi Scheme of the Day

As I’ve said before, one of the marks of financial bubbles is the massive fraud that takes place during the bubble is overlooked (we can thank the Bush administration) during the bubble, only to be revealed as the bubble bursts. First Madoff, now Robert Stanford. There is probably more to come. Once again, if an investment looks like it’s too good to be true, it probably is.

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This entry was posted in bubbles, fraud, madoff, ponzi, stanford. Bookmark the permalink.

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