madoff scheme
formerly known as a ponzi scheme.
a lot of people lost their life savings in a madoff scheme. too bad they didn’t do their due diligence before handing over their money.
an unusually large ponzi scheme, such as the $50 billion scheme bernie madoff operated.
madoff’s ponzi scheme was so large, we can’t even call it a ponzi scheme. we call that a madoff scheme.
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