Best of the Day - Madoff in Jail
Posted on | March 13, 2009 |
Bernie Madoff is in jail after pleading guilty to 11 counts in his Ponzi scheme.
He’s looking at up to 150 years for charges that include money laundering, fraud and perjury. Sadly, it seems he’ll get 20 years if the sentences are consecutive. Well, he’s 70.
The problem with Ponzi schemes is that they are hard to identify. However, there are a few red flags that can tip you off to something else - identity theft.
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