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Won’t Get Fooled Again

(Well … maybe just one more time.)

By Brian Cook

In December, the financial world received its biggest shock yet, when Bernard Madoff, former Nasdaq chair and founder of Bernard L. Madoff Investment Securities, admitted to employees (and, presumably, to FBI agents who raided his offices the following day) that his hedge fund business was “just one big lie,” a “giant Ponzi scheme” that had lost an estimated $50 billion in… return to article

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