in economics news, bernard madofff, ex-nasdaq chief was held for USdollars 50B. fraud. that's US 50Billliiooon (no dollar sign here =( ). investigators said that madoff made that big of a money through a pyramiding type scam that hoodwinked even big european banks into investing in his firm.
50 billiioon dollars
and someone kept asking "in this economic depression, where does all the money go?". "people lacked money to invest, where have all the money go?"
well, there's your answer, my friends. just ask mr. madoff.
people in the US are all thunderstruck when they heard about the pyramid fraud committed by mr. madoff. while filipinos have seen the worst of all pyramid scams(whatever happened to the francswiss case).
not sure if it's something to be proud of, but filipinos can definitely say: "been there, done that!".
yeepee!
50 billiioon dollars
and someone kept asking "in this economic depression, where does all the money go?". "people lacked money to invest, where have all the money go?"
well, there's your answer, my friends. just ask mr. madoff.
people in the US are all thunderstruck when they heard about the pyramid fraud committed by mr. madoff. while filipinos have seen the worst of all pyramid scams(whatever happened to the francswiss case).
not sure if it's something to be proud of, but filipinos can definitely say: "been there, done that!".
yeepee!
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