Bernard Madoff was sentenced to 150 years in prison for operating a(n)
a. Ponzi Scheme
b. Forex Scam
c. Insider Trading
d. Enron scandal
The answer is A. Ponzi Scheme!In March 2009, Madoff pleaded guilty to 11 felonies and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars.
Stay curious,
Team ARC
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