scams and swindles
type: Concept
narrower: madoff ponzi scheme

concepts
type: Collection
type: ConceptGroup
member: madoff ponzi scheme

madoff ponzi scheme
type: Concept
definition: Bernard (Bernie) Madoff orchestrated one of the largest Ponzi schemes ever known. He was a well-respected investor and one of the developers of NASDAQ. His notoriety and his investment firm allowed him to conduct his Ponzi scheme to the tune of $50 billion to $170 billion from investors over a 20-year period. [Source: Encyclopedia of White-Collar and Corporate Crime; Madoff Ponzi Scheme]
broader: scams and swindles