Nigerian’s Have Nothing on Bernard Madoff
Duped by Madoff too, Only if you are RICH! Imagine 50 BILLION DOLLARS. That is enough money to save General Motors, Chrysler and Ford.
Everyday I would get emails from the Nigerians offering these overnight get rich schemes, but not from Bernard Madoff. I was not good enough for him THANK GOD. Bernard Madoff began his financial career at the age of 22 with just $5,000, in just 48 years he turned it in to a 50 Billion Dollar Ponzi Scheme, P. T. Barnum would be proud of him today.
Many of his richest clients were recruited in private chats and country clubs in New York and Florida, giving them a sense of belonging to a privileged circle of the Wall Street Elite. Then he used those big names to attract other investors, until his influence extended to international banks, hedge funds and even charitable foundations. Not even in Charles Ponzi in his wildest dreams could have he ever imagined this.
By John Gerena
Monday, December 15, 2008
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