It amuses me that it is not just us ignorant in god-forsaken third world countries who get taken for a ride occasionally by smooth-talking scamsters but even storied and so-called sophisticated investors ……… The Bernard Madoff scam being a case in point. The list of defrauded victims reads like a who’s-who of the financial world. HSBC (1 billion), Royal Bank of Scotland Group PLC ($492,760,000), BNP Paribas, Nomura Holdings and hundreds of others.
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