Ponzi Scheme | Steadfast Finances

16 December 2008

Lessons Learned: What Can Madoff’s $50 Billion Ponzi Scheme Teach Us About Investing

Consumer Education, Lessons Learned, Mutual Funds

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By now, everyone has heard about the now infamous Bernie Madoff and his (alleged) $50 Billion Ponzi scheme.
As if the stock market meltdown wasn’t bad enough with investors taking 40% to 50% losses in their portfolio, we have this guy to thank for adding one last dastardly deed.
Investor confidence in …

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For legality reasons, it should be mentioned that I am in no way to be considered a financial professional in any capacity. I do not hold any certifications or degrees within the financial field. I’m just a guy writing about personal finance, investing, or other money saving tips that I think the money conscious crowd might find helpful. You should never take any information on this blog (or any other blog) as financial advice unless that is their stated goal.

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