Three Multi-Billion Dollar Ponzi Schemes to Be Exposed by Madoff Whistle Blower
In a remarkable comment to ABC News, Harry Markopolos, the man who warned regualtors about the Bernard Madoff Ponzi scheme, is now saying at least three major Ponzi schemes are currently scamming American investors.
"I'm working on three multi-billion dollar Ponzi schemes today," Markopolos said. "You can’t stop them."
Markopolos said one of the Ponzi schemes he is working on will be bigger than Madoff’s. He didn't name names.
"Everybody wants to believe in the holy grail of finance, risk-free returns, and they keep investing in Ponzi schemes," he said.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Roblox (RBLX) Trades at Low, Down 8%
- WW International, Inc. (WW) is on track to beat its previously provided first quarter fiscal 2024 guidance
- Pullback in AI beneficiaries is 'a buying opportunity' - UBS
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Bernard MadoffSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!