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COMMENT | Cash trusts – the perfect cover for Ponzi schemes
COMMENT | Netflix’s true crime documentary titled Madoff: The Monster of Wall Street, gives an insight into the operations of a Ponzi scheme and how gullible “investors” were lured into “giving away” their money to a fraudster.

Bernie Madoff’s Ponzi scheme relied on funds from unknowing investors. Their money would subsidise the withdrawals made by his other clients that extracted their investment gains.

But, little did they know Madoff wasn’t investing a penny despite what their account statements indicated and was pocketing most of it himself...

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