I’ll bet there is plenty of Kennedy money in this Madoff theft. THAT IS WHY they will get the govt bail out.
not exactly a pyramid scheme, its a ponzi scheme and they’re different. Pyramid schemes work by the bottom propping up the layer above. Ponzi schemes work by a revolving door. Both schemes always fail as for it to keep going, it requires more new ppl to be fooled.
This one failed because everyone wanted to draw their money out of it, due to the recent market crash and then realize theres no money there