The Madoff Ponzi Scheme

INTRODUCTION Bernie Madoff legally traded over-the-counter stocks listed on the stock exchanges in New York in 1960 and started a career as an investment broker (NYSE: NYSE). Between the 1960s and the 1990s, Madoff's success and business grew dramatically from closed circles, which were known to investors and friends throughout the word. In the 1990s, Bernard L. Madoff Investment Securities traded at 10% of the Nasdaq on any day. Due to the success of the securities business, Madoff began illegal cash management projects and his investors promised to have a stable rate of return of 10-12%. This was unheard of at that time and should be the profit of most investors.

The purpose of this article is to understand how Bernard Madoff overturned the biggest Ponzi scheme ever and the financial impact of this program on stock market investors. The Bernard Madoff Ponzi plan caused many people to be injured financially and many people might think that this plan will only affect Wall Street, I will prove it is not so. Wall Street is just one of the victims of the Madoff Ponzi project. There are other BSBC and Maxam Capital Management LLC. Just a few examples

As various programmers have told me, the Ponzi scheme like Madoff can not quietly happen in the block chain. If anyone wants to write a clear Ponzi scheme, everyone in the ecosystem will understand this. It is impossible to conceal this evil behavior. Transparent processes in the block chain reveal the true purpose of the application, allowing investors to choose whether to participate in the Ponzi scheme. Madoff can not invest billions of Ethereum unconsciously

The Bernard Madoff Ponzi project was declared the greatest Ponzi project in history. However, the so-called maximum fraud caused a major financial impact to market investors. Most of these investors are directly related, but other stakeholders are irrelevant. Therefore, this section points out some victims affected by the Madoff Ponzi scheme. First of all, HSBC seems to be one of the biggest victims of the Bernard Madoff Ponzi project. The company is a victim of fraud, and a failed venture capital of an investment management company may expose about one billion dollars (Huffman Post 1).