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Dec 16 2008 9:55am EDT
A Ponzi Scheme by Any Other Name...
Expressing the exasperation of many small investors floored by recent quarterly statements from their investment advisers, Tonight Show host Jay Leno put the Bernard Madoff scandal into perspective on last night's program:
"Well, here's Wall Street's latest scandal. A man named Bernard Madoff, former chairman of Nasdaq, has been arrested and confessed to Federal officials that he ran a Ponzi scheme that defrauded investors of $50 billion."The name of the Ponzi scheme? Nasdaq."
Source: Frontrunner
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