By Max Bowie
We all love a bargain—especially when what we receive turns out to be something valuable. But when something seems too good to be true, it probably is. From Bernie Madoff’s Ponzi scheme to newspapers’ city experts who would tip their own stocks, the latest “sure thing” lures people into parting with their money. And after seeing the power of computers to analyze and make money from the capital markets, investors are increasingly placing their trust in software to do the analysis for them. So it was only a matter of time before one of these computers landed in trouble with the regulators.
bernie madoff, economics, confidence tricksters, bernard madoff, nasdaq, fraud, ponzi scheme, confidence trick
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