Maddof’s Giant Ponzi Scheme Hits Insurance Companies
filed in Insurance News, International Insurance News, Scammers Exposed on Dec.17, 2008
In the news right now is the outrage over the latest in Wall Street scams to hit the street, but this one could be by far the biggest in history. Bernie Madoff allegedly conned wealthy and supposedly sophisticated investors out of $50 billion in a Ponzi scheme. And a number of these investors were insurance [...]