10 Lessons of Madoff’s Ponzi Scheme

By Barry Ritholtz  The Big Picture

Its been two years since the Madoff crime erupted across headlines. The massive theft punctured what little faith investors  had in the markets, investment firms and regulators.

Fraud rarely has a silver lining, but the least we can do is try to learn from other people’s mistakes. There were many many lessons to be learned from the atrocious theft committed by Bernie Madoff. Those who watch the massive scam unravel should take heed, and consider what lessons could be learned.

Here are my 10 takeaways from the scam:

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