4 ms·
Any evidence for this? The stats seem to show the opposite, e.g. there has been 3x as much money lost to ponzi schemes pre -> post-Madoff :https://www.nytimes.c
by joosters 6y ago
Any evidence for this? The stats seem to show the opposite, e.g. there has been 3x as much money lost to ponzi schemes pre -> post-Madoff :https://www.nytimes.com/2019/09/22/business/ponzi-scheme-bernie-madoff.html?action=click&module=RelatedLinks&pgtype=Article https://www.nytimes.com/2019/09/22/business/ponzi-scheme-ber...
- gojomo 6y agoIndeed - and neither the accredited investor law nor the SEC's other enforcement have helped. So maybe letting non-wealthy people invest into the exact same well-documented, scrupulously-legal above-board deals in which wealthier people have always been allowed to invest could be better than the traditional-but-totally-failing paternalism?