Dave Carpenter wrote an article distributed by the Associated Press about “Steering clear of investment fraud.” He’s got a great explanation of a Ponzi scheme, the scheme that Madoff was running where he bilked investors out of an estimated $50 billion.
Mr. Carpenter explains the most reliable credentials for investment advisers, CFP (Certified Financial Planner), and [...]

Former NASDAQ Chairman, Bernard Madoff has allegedly been running a Wall Street ponzi scheme of epic proportions, bilking investors out of an estimated $50 billion.
Madoff is the founder of Bernard L. Madoff Investment Securities LLC and separately managed money for high-net-worth individuals and hedge funds through an investment advisory business he oversaw. Madoff was charged [...]