The rot started many months ago; on Sunday the market finally started crumbling. Between Sunday and Monday, Bangladesh stock market lost more than 15 percent. For a small economy, a loss of wealth of almost $7.5 billion, even on paper, is remarkable. Given the fact that many small investors flocked to the market lured...
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On December 10, 2008 Bernard Madoff’s massive Ponzi scheme was unravelled. The following day, FBI arrested Madoff and charged him with one count of securities fraud. On June 29, 2009, Madoff, the man who confessed to organising the largest fraud in the US history, was sentenced to 150 years in prison, the maximum allowed....
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