102: Eugene Soltes – Unraveling a $65-Billion Ponzi Scheme and Notorious Cases of Insider Trading
Chat With Traders
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How Britain Made Off Designed a Ponzi Scheme
I think saying Britain made off designed a Ponzi scheme and tried to create this is giving him frankly just far too much credit. What happened here is a series of mistakes, one leading to another that got larger and larger. I mean he's a cordial friendly, very, very smart individual which allowed people to trust him. And then a series of in some sense luck when regulators looked at his business a number of times they overlooked a number of things that could have been red flags. He just was able as he describes it it's a comedy of errors. But what really is is that they kind of just really tragic way of seeing a person who's incredibly smart and clever ultimately used
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