Summary: New York investment manager Bernard Madoff stands accused in a $50 billion Ponzi scheme at his firm. As Felix Salmon of Portfolio explains, Madoff wasn't running a hedge fund. But in hindsight, things might have turned out better that way.
Summary: New York investment manager Bernard Madoff stands accused in a $50 billion Ponzi scheme at his firm. As Felix Salmon of Portfolio explains, Madoff wasn't running a hedge fund. But in hindsight, things might have turned out better that way.