102: Eugene Soltes – Unraveling a $65-Billion Ponzi Scheme and Notorious Cases of Insider Trading
Chat With Traders
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The Ponzi Scheme
Madoff was one of the most respected individuals in the securities markets. He had leadership positions in many of the most prestigious organizations for example, the chairman of the NASDAQ. The statement simply reflected after the fact creation of some securities that led to that output. Madoff never invested in any of those call options, any of those put options.
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