There's a new fraud in town.
Meet Bernard Madoff. The news about him is just beginning to trickle in among the Big Three Loan to Nowhere battle. He may be the biggest swindler in history, akin to the notorious Charles Ponzi. However Ponzi might end up being a rank amateur when all is said and done. $50 Billion is a lot of moola.
Here are two articles to catch you up.
London Times Online
Yahoo! Finance
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