Francesca Fionda

January 30, 2016 11:00 am

The biggest Ponzi schemes: Stanford vs Madoff

Robert Allen Stanford’s $7.2-billion fraud is known as the second-biggest Ponzi scheme in North American history when compared to Bernie Madoff’s $65-billion scam. But Madoff’s billions were mostly fictional, and in terms of victim-investors and lavish lifestyles, Stanford is – by far – the biggest. Continue reading 

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