My mom always told me: " Be careful with things too good because you don't receive too much for nothing".
Most people are fascinated with easy ways about making money. Therefore, You can imagine .....if you deposit money in your saving account and you will receive 400% by interest rate. Well, that's exactly was happening in New York while unwary dreamers were trusting Bernie Madoff. However, a journalist became suspicious and started to question his investment practices. The story of the Madoff scandal will be remembered like the biggest fraud in this century.
It started when this popular business man impressed his first customers. He knew bank's interest rates were low and convinced them about a deceptive deal. His clients gave to him an amount money and he would give back " higher
interest rates". Nobody wavered his honesty because of he worked in Wall Street for many years and owned his financial firm. Achieving his promise to his former clients with money from the newest in his game. It seemed under control
when his fraudulent trick was discovered. He couldn't keep the fraud and the judge sent straight to the jail not before illegally capture more than 50 billion dollars of their depositors. Too good to be true!
If it sounds too good to be true, it usually is.
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