Keyword: Ponzi Scheme Fraud

Who Was Missing at Bernard Madoff's Spectacular Fraud Trial? Email Print

In the June 30 Wall Street Journal Robert Frank and Amir Efrati describe the history making court scene at Bernard Madoff's trial and sentencing:

"Bernard Madoff, the self-confessed author of the biggest financial swindle in history, was sentenced to the maximum 150 years behind bars for what his judge call an `extraordinary evil' fraud.

"That shook the nation's faith in its financial and legal systems and took a staggering toll on rich and poor alike."

The article reveals the victim's rage at what his $65 billion Ponzi scheme had done to their lives.

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