Is Madoff a Ponzi Scheme?

In some ways he was a person that you could kind of get your hands around a little bit. You couldn't really do that for all of these big banks because who's responsible or where do you draw the line? But like with Madoff, I mean, he became a household name and one where in which people were furious. The next morning he answers the door in his pajamas and his FBI agents outside and all hell breaks loose.

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