2011-09-01 – The Kumachan

2011-09-01 archive

Why Did Bernie Madoff Go To Prison?

By Dave in Government, Thoughts
2011-09-01

Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn’t invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money …

Bernie Madoff, General Revenue Fund, Social Security, Trust Fund Lock Box, Washington, jail, money, people, retirement

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2011-09-01 archive

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