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Madoff may have earned alot of money using the Ponzi scheme, but he ended up in jail and he is hardly a role model. Anyone trying to follow his footsteps should know that they cannot run away.
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Madoff may have earned alot of money using the Ponzi scheme, but he ended up in jail and he is hardly a role model. Anyone trying to follow his footsteps should know that they cannot run away.
“The Ontario Securities Commission (OSC) is probing an alleged
US$60-million Ponzi scheme in which a man nicknamed the “Chinese Warren
Buffett” is alleged to have paid purported profits by raising money
from fresh investments.
The regulator alleges Weizhen Tang was
the “operating mind” of the scheme that had promised to pay investors
weekly profits of 1% through investments in stocks, options, futures
and mutual funds through stock markets in the United States, China and
Hong Kong.”
