Madoff’s Entire Firm Was “Smoke And Mirrors With Account Statements”
Bernie Madoff’s Ponzi scheme was the backbone of his entire business, according to a forensic accountant that has gone through the company’s books. Madoff, and more importantly Madoff’s employees, have argued that only he was aware of $65 billion worth of fraud. The claim has been met with skepticism, to be mild, but now there is some evidence that the fraud was indeed systemic, reports FINalternatives.
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