Everyone agrees Madoff was running a Ponzi scheme. He even admitted it himself in a court of law. There was never any investment plan - just a lot of hoopla that encouraged people to buy in. Why should we doubt this story? Because the people who bought in were multi-billion dollar institutional managers who could detect a Ponzi scheme with their eyes closed. So who profited from the fiction that it was a Ponzi scheme? |
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At www.globalresearch.ca
Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there (more...)