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Hubris and Improbity
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Hubris and Improbity

Alice Poon
Dec 13, 2008
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Hubris and Improbity
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A Ponzi scheme is a swindle which offers unusually high returns, with early investors paid off with money from later investors.

Other than being the founder of Bernard L. Madoff Investment Securities LLC, the defendant is also a former chairman of Nasdaq. According to a New York Times / Reuters report, the U.S. Securities and Exchange Commission found th…

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