Bernie Madoff was a legend on Wall Street. His clients were prominent figures such as Steven Spielberg and Elie Wiesel. However, the biggest Ponzi scheme in America's financial history — in which newer clients' money was used to pay longer-standing clients — was only uncovered when economic conditions deteriorated to a point where it was hard for Madoff and his associates to cover their tracks.
Today's Question: Who is to blame for Madoff's crimes?
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month.
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.