How To Avoid A Bernie Madoff Scam
Just because you have a lot of money doesn’t mean you’re the savviest business person. Even the richest people were taken in by fraudster Bernie Madoff. They probably could have avoided this scheme, known as either a pyramid scheme or a Ponzi scheme, if they had simply asked questions. And if one thing is certain, especially in the world of finance, it is that if it sounds too good to be true, it likely is. In this video, WatchMojo.com sits down with financial advisor Marc Larente to learn more about Ponzi schemes and how to avoid this type of fraud.