The Financial Services Industry's Free Lunch
The lesson of the US$50 billion Ponzi scheme perpetrated by fraudulent investment guru Bernard L. Madoff is not just the danger of trusting people who belong to the same club or ethnic group, nor even of the importance of making simple checks on the bona fides of an investment intermediary.
Madoff represents the tip of a much bigger – though not actually…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.