Ponzi. Such a fun word to say, isn’t it? It’s not however fun to be a Ponzi victim: Madoff’s 1,000+ victims have lost over $60 billion. Certainly it’s not a subject of humor, if your pension invested with Madoff, or if you donated to a charity that invested with him, or if you personally invested in what turned out to be a scam. Still, we can all get a tiny bit of consolation that countless people have been swindled in similar schemes since the invention of currency.
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