The biggest Ponzi scam in history was carried out by American banker Bernard Lawrence "Bernie" Madoff, who defrauded thousands of investors out of tens of billions of dollars over the course of around 17 years.
Madoff recruited investors by promising to provide significant, consistent profits using a legal trading approach known as split-strike conversion. However, Madoff put client money into a single bank account, which he then used to pay returning customers.
When the market drastically declined in late 2008, he was unable to continue the deception. He paid redemptions by luring new investors and their funds.
In the scam Madoff just put their money of the investors in a Chase Manhattan Bank account, which was later combined to form JPMorgan Chase & Co. in 2000.
To learn more about Bernie Madoff scam, refer
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The Democrats and Republicans are a great example! They both believe different!!!
<span>Jim in this case would be satisfying Maslow's theory of Self-actualization,which is defined as one having the desire to see and develop his full potential. Self-actualization could also be considered a self inventory, or self assessment. A good technique for self- improvement.</span>
A connection between two land masses :)
