Grimly fascinated by this Netflix documentary about Bernie Madoff - the simplicity of the fraud and how regulators missed the warning signs for years, even when handed to them in a memo with the words "the entire fund is nothing but a Ponzi scheme"
https://www.netflix.com/gb/title/81466159?s=a&trkid=13747225&t=more&vlang=en&clip=81648683
@mattedgar It’s amazing, isn’t it? I’d always vaguely assumed he must’ve got away with it because he was a peripheral or unknown figure… (and found it interesting that the shift of attention post 9/11 could have left them so under-resourced on financial crime).
@mattedgar you should listen to this podcast series from BBC Radio 5 Sports. https://www.bbc.co.uk/programmes/p09wqn09 I was absolutely surprised at how easy it seems to be to create these pyramid schemes and fly just below the radar for a LONG time.