«Home

Bernard Madoff’s Case - What Lesson For Nigerians ?

This is a classic Ponzi (419) scheme in which thousands of persons worldwide lost more than $50bn. If this had happened elsewhere (e.g Nigeria) one can only imagine the worldwide hysteria that would have resulted. Is this a lesson that we must try and intelligently manage our challenges and failures so that we don't lose whatever respect that we have earned in the past and on other fronts ?

Avatar
Newbie
6 answers

I've suspecting that for a while now.

0
Avatar
Newbie

The Capitalist system in itself is a Ponzi scheme! I wish y'all understood that.

A system that spends today what it will earn tomorrow is no different from a Ponzi scheme.

0
Avatar
Newbie

Biggest financial fraud in History.

Maddoff ge everybody mo ra all the way, OMO ole

0
Avatar
Newbie

Nigeria has been running a monumental (Government Assisted) Ponzi Scheme since way back when.

So aint nothing new.

We dey kampe

0
Avatar
Newbie

The guy didnt do anything wrong. That is how American Economy always work. How do you explain all the so called profits companies make without any real investment. Companies are after quick profit, everybody want to make money over night. So the only way the to purnish them is for the old man to collect their money and enjoy his life.

0
Avatar
Newbie

@poster

I am highly disappointed at you ,your comment which clearly confirms the state of your thinking and it is clearly rotten , it seems you condone corruption.  Corruption should fought whether in Nigeria  or overseas.  Please enlighten us how you propose to manage this decay.

0
Avatar
Newbie
Your answer
Add image

By posting your answer, you agree to the privacy policy and terms of service.