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Bernie Madoff Essays

Understanding Ponzi Schemes and Investment Decisions

How the Ponzi scheme began and worked According to Chen (2021), the Ponzi scheme originated in 1920 and was named after Charles Ponzi, a fraudster through a security exchange company at the US postal service. The system is a fraud that promises investors significant returns with minimal risk. Returns for existing investors are paid using ... Read More
Pages: 3       Words: 612
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