Recent comments in /f/AskReddit

GotMyOrangeCrush t1_jaeqo5d wrote

By all appearances, when you invested with Madoff you were putting your money with a trusted investment firm. Madoff was a trusted and respected leader in that space.

And for those people who invested and received good returns with Madoff, there actually wasn't a problem.

The issue with a Ponzi scheme is at some point it's going to crash, and that's what happened around 2008 and it left Madoff with a $7 billion hole in his balance sheet (and life in prison).

I attended a speech by Harry Markopolos. This man figured out that Madoff was a fraud well before anyone else, but no one would believe him.

https://en.m.wikipedia.org/wiki/Harry_Markopolos#:~:text=In%202010%2C%20Markopolos's%20book%20on,the%20larger%20companies%20it%20supervised.

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