Message #2432

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I know of no business that has that kind of record for length of time in business and number of people helped. When business start to fail they usually end up by taking the money before declaring bankruptcy. kentay 

But the early participants in Ponzi schemes CAN expect to be big winners, right?  It's the later entrants who are left holding the bag.

Not in Bernie Madoff's case. He went to jail. But he was the only ponzi schemer who went to jail because he was the only ponzi schemer who robbed The 1%.

What are you babbling about?  Bernie Madoff's case is a perfect example.  The people who had been with him from the outset did fine, even the ones who didn't completely cash out.  The Madoff trustee, Irving Picard, has recovered about nine BILLION dollars from them!!!

Ummm, if Picard recovered that much money from those who did well, they're not really doing so well.