Madoff's son found hanging
Those of you wishing for the death of the fraud mastermind, Bernie Madoff, well, this isn't it.
Unfortunatley his son, the elder one, Mark Madoff, passed away just a few hours ago, early this morning. He denied any knowledge, never mind involvement concerning his father's Ponzi Scheme Ponzi Scheme A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and Read this Term. In fact, he was the one who turned the father in to the US authorities two years ago.
There will undoubtedly be speculation surrounding his death, but it does look like a case of suicide, as he was discovered hanging.
It's a real shame it's come to this. Such a sad story for the family from the outset.
Those of you wishing for the death of the fraud mastermind, Bernie Madoff, well, this isn't it.
Unfortunatley his son, the elder one, Mark Madoff, passed away just a few hours ago, early this morning. He denied any knowledge, never mind involvement concerning his father's Ponzi Scheme Ponzi Scheme A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and Read this Term. In fact, he was the one who turned the father in to the US authorities two years ago.
There will undoubtedly be speculation surrounding his death, but it does look like a case of suicide, as he was discovered hanging.
It's a real shame it's come to this. Such a sad story for the family from the outset.