According to the US Attorney's criminal complaint filed in court, Mr Madoff told at least three employees on Wednesday that the hedge fund business - which served up to 25 clients and had $17.1bn of money under management - was a fraud and had been insolvent for years, losing at least $50bn.Grådighed er godt, så dette må være dobbelt-plus-godt. Jeg vil tro, at dette alene vil redde verdensøkonomien fra en langvarig recession.
He said he was "finished", that he had "absolutely nothing" and that "it's all just one big lie", and that it was "basically, a giant Ponzi scheme", the complaint said.
Under a Ponzi scheme, also known as pyramid scheme, investors are promised very high returns on their investment, while in reality early investors are paid with money collected from later investors.
fredag den 12. december 2008
Stein Bagger er en lille, elendig amatør.