Bernie Madoff Masterminded History’s Biggest Financial Swindle

Madoff’s crooked empire crumbled through the 2008 Nice Recession, when panicked purchasers started pulling out of his fund, jeopardizing funds to others. By November, $320 million had been withdrawn from his asset administration operation. New prospects had deposited solely $300 million. Madoff knew he couldn’t maintain the fund. In addition to high-profile buyers together with … Read more

Source: Entertainment