102: Eugene Soltes – Unraveling a $65-Billion Ponzi Scheme and Notorious Cases of Insider Trading
Chat With Traders
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The Problem With Madoff's Fund
He was creating statements that were going out to people on a monthly and quarterly basis, describing rate of return. And then there would be redemption. Ultimately, what ends up on the scheme is the fact that when the amount of redemptions exceeds the amount of money flowing into the fund. So this is actually investing for him.
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