The mistake was who he targeted with said scheme, ripping off market investors on a broad scale and not just tricking foolish commoners out of their pension cheques.
Most of these schemes are never publicized and barely punished white collar crimes, or actively ignored as MLM pyramid schemes are. Madoff made the mistake of going way, way too big and thinking he could get away with it.
Weird. And here I was thinking that Madoff’s mistake was running a huge Ponzi scheme.
The mistake was who he targeted with said scheme, ripping off market investors on a broad scale and not just tricking foolish commoners out of their pension cheques.
Most of these schemes are never publicized and barely punished white collar crimes, or actively ignored as MLM pyramid schemes are. Madoff made the mistake of going way, way too big and thinking he could get away with it.
And Market Capitalism the largest pyramid scheme of all time, whats your point?
https://ryangosha.medium.com/capitalism-is-a-pyramid-scheme-769cc882f6