Stephen Greenspan: Fooled by Ponzi (and Madoff) (8/3/09)
Fooled by Ponzi (and Madoff)
Stephen Greenspan, Ph.D
What causes otherwise smart people to lose everything? Sometimes a healthy dose of skepticism can be a powerful weapon against financial ruin, says Greenspan. Yet intelligent and educated people, some of them naïve about finance and others quite knowledgeable, have been ruined by schemes that turned out to be highly dubious and quite often fraudulent. Greenspan takes a revealing look at Ponzi schemes, investment manias (such as the dot-com bubble) and other forms of financial fraud.