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2024-08-19 11:18:46
in reply to

Chris ABRAHAM on Nostr: Bernie Madoff's Ponzi scheme was a fraudulent operation where returns to early ...

Bernie Madoff's Ponzi scheme was a fraudulent operation where returns to early investors were paid using funds from new investors, with no real investment activity. This contrasts sharply with corporate bankruptcy, which is a legal process that allows companies to restructure or liquidate assets to manage debt, under legal oversight and with transparency.
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