Author: doreenb9207338

Palos Park, IL, 20 July 2021, ZEXPRWIRE, Investment scams have been running long before the advent of the internet. The term “Ponzi scheme” was coined in 1919 when Charles Ponzi started a postage stamp investment that collapsed with him owing investors the equivalent of $196 million in today’s money. Bernie Madoff hit the headlines for the same reason in 2008 when Bernie L. Madoff Investment Securities LLC collapsed, owing investors $170 billion. Unlike Ponzi, Madoff initially ran the company with the best intentions, but greed and poor investment decisions led to him using new clients’ money to pay off old ... Read more