On Scams
Been reading about Bernie Madoff.
Madoff’s ponzi scheme only fell apart when he got caught. He probably started cooking the books in the early 90s and his fund wasn’t insolvent in 2008 when the SEC arrested him. I’m sure it had a few more years left in it before it would collapse naturally.
If you run a scam successfully for 20 years is it still a scam? Well, yeah of course it is, but it’s a weird thing to ponder I guess. People were born and lived and died in that amount of time. And if a scam can run for 20 years why not 200?