Financier Bernard Madoff used a _____ for some fifteen years to enrich himself and other people who worked with him.

Question

Quizplus · Accepted Answer

Bernard Madoff used a Ponzi scheme, which is a fraudulent investment scheme where returns are paid to earlier investors using the capital of newer investors, to enrich himself and others. This type of scheme is named after Charles Ponzi who made a similar scam in the early 20th century.

Financier Bernard Madoff Used a _____ for Some Fifteen Years