Some individuals risk and feed off the greed of their own class and get away with it. Madhoff did it for years and called it “opportunity”. They “serviced” their own status without providing any real services. Ponzi schemes are an exemplar of Capitalism’s shortcut to riches. Trump’s career and history to power was built on the Ponzi principle of cashing in on fake facts.
Some investors estimate the 13-year company veteran’s suspected fraud could involve more than $60 million. Victoria Police is now investigating following a complaint in December, while other investors have made separate complaints to police in NSW.
Source: Amberjit Endow allegedly duped Deloitte colleagues out of $60m