Bernie Madoff, the giant Wall Street financial scammer who died in prison, had masterminded the scams that shocked the world.

Last night, 82-year-old Bernie Madoff died in prison. Someone is sure to ask, who is this old man? This man was the most successful fraudster in American history, bar none. Why the most successful? The most common fraud team in the news, the longest is only fraud for two or three years, and finally either absconded with the money, or was arrested. But this Bernie Madoff is something else, scamming for over twenty years. And there have been 37,000 people put 65 billion dollars to him to take care of, if not for the global economic crisis in 2008, I guess his this scam today are not necessarily someone will poke holes in it.

And Madoff was later sentenced to 150 years in prison, along with a $170 billion fine. It really was an absolute talent, starting from almost nothing and becoming a Wall Street legend, and also having been a spiritual representative of Wall Street, an investment expert on a par with Warren Buffett, having chaired the board of Nasdaq, and for a long time, if you invested your money in the care of one of Madoff's firms, it would be seen as a status symbol. So, after the later case, all the people couldn't believe that this thing was actually true. What exactly was the case?

This Madoff, over a period of 20 years, built a huge Ponzi scheme. He used his hedge funds, fictitious investment projects, and exaggerated investment strategies, and he promised his customers, whether it is a bull market or a bear market, I can give you a high return of 10% to 15%, and then coupled with his previous good reputation, in exchange for a number of financial institutions and celebrities and tycoons, and the financial institutions that were cheated by him, are all the big names in the industry, including Ying HSBC in China, BNP Paribas in Fa, Nomura Securities in R, and the Royal Bank of Su Glen, as well as some celebrities.

If it wasn't for the financial crisis in '08, I think, maybe the financial institutions in M didn't realize it was a scam. And it's not as if there's no doubt about it, because the report shows that their options trading has exceeded the combined total of options trading in the world. For that to be the case and for so many people to believe him is, simply, not enough IQ tax paid.

(Image from the internet, deleted)