Why Sophisticated Investors Fall for Ponzi Schemes

Monday, January 6, 2014
NEW YORK (TheStreet) -- Bernard Madoff is back in the news, but the $1.4 billion Scott Rothstein Ponzi scheme sheds plenty of light onto the thought process of otherwise sophisticated investors as they get swindled.With JPMorgan Chase about to cough up over $2 billion for its role in enabling Madoff to run a long-term Ponzi scheme through his asset management business, this is a good time for ...

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