The potential “largest Ponzi scheme in history”

By Reynolds Staff on Dec 15, 2008 in Basics, Uncategorized

The New York Times reports 70-year-old Bernard L. Madoff may have pulled off the “largest Ponzi scheme in history” with losses estimated at $50 billion. According to sources, the list of “prominent fraud victims” is long. The victims may include owners of the New York Mets, chairman of GMAC and the former owner of the Philadelphia Eagles. Madoff remains the only one to be arrested in the scandal so far.

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