Bernie Madoff: Who He Was, How His Ponzi Scheme …
https://www.investopedia.com:443/terms/b/bernard-madoff.asp
Early Life and EducationNotable AccomplishmentsScandal, Scheme, and Crime At some point, Madoff attracted investors by claiming to generate large, steady returns through an investing strategy called split-strike conversion, a legitimate trading strategy. However, Madoff deposited client funds into a single bank account that he used to pay existing clients who wanted to cash out. He funded redemptionsby attracting new inv...
At some point, Madoff attracted investors by claiming to generate large, steady returns through an investing strategy called split-strike conversion, a legitimate trading strategy. However, Madoff deposited client funds into a single bank account that he used to pay existing clients who wanted to cash out. He funded redemptionsby attracting new inv...
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