What Was Madoff Thinking?

Bernard Madoff may be alone in the sheer magnitude of his alleged $50 billion fraud uncovered Thursday, but he wasn't alone in devising and becoming cornered in an irreversible Ponzi scheme. Norman Hsu and Lou Pearlman were charged for multimillion-dollar Ponzi schemes just within the last year. Barry Minkow, a former Ponzi scam artist, and psychologists for the Wall Street elite offer very different motives behind why people dig themselves so deep into fraud for so long. But all agree the...Full Story
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