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Do Not Trust This Man! And Does 'Ponzi Scheme' Have Anything To Do With Ponzy Lu?

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Things NOT to do with your Wharton degree: execute the biggest fraud ever. Like, literally, in the history of the world.

Bernie Madoff, who looks to us like a nice, old Jewish guy, has been arrested by the FBI for allegedly running a $50 million Ponzi scheme, which involves using money from new investors to pay old investors absurd dividends. For much of his career, Madoff has been perpetuating this cycle. And now--here's the really fun part!--his sons have tipped off the SEC and FBI about Daddy Madoff's wrongdoings.

Since UTB is a few steps ahead of, basically, everything, we figured we'd inform our loyal readers of this craziness before it showed up on every major news outlet. Here's to consumer confidence reaching all-time lows...

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