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Sociology Textbooks Boundless Sociology Deviance, Social Control, and Crime Crime
Sociology Textbooks Boundless Sociology Deviance, Social Control, and Crime
Sociology Textbooks Boundless Sociology
Sociology Textbooks
Sociology
Concept Version 12
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White-Collar Crime

Ponzi scheme

Ponzi scheme

In March 2009, the American financier Bernard Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars.

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    "BernardMadoff."
    http://commons.wikimedia.org/wiki/File:BernardMadoff.jpg Wikimedia Public domain.

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  • insider trading
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