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Madoff: three lessons from the world’s greatest Ponzi scheme

Summary:
Big news for followers of financial fraud. From the Associated Press:Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal prison early Wednesday, a person familiar with the matter told The Associated Press.Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.The former non-executive chairman of the Nasdaq pleaded guilty in March 2009 to securities fraud after his investment fund, estimated to have assets worth bn at the time, turned out to be nothing more than a simple Ponzi scheme. Here are three lessons from the affair, which may or may not have some

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Big news for followers of financial fraud. From the

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