Tags: Ponzi Scheme

“You’re the smartest in the room.”

Diana Henriques was the New York Times reporter who broke the Bernie Madoff story, the biggest Ponzi scheme in history. She said Madoff was different from even the most sophisticated con artist who would try to convince you they were the smartest person in the room. Madoff convinced you that you were the smartest in the room.

It seems Toronto has its own Bernie Madoff. Albert Rosenberg conned wives, banks, investors and the world for years. CBC Gem has a wonderful hour-long documentary on his story, written and directed by Barry Avrich. [CBC GEM is password-accessed but free]. Very worth watching, and a reminder that not all frauds are online.

Meanwhile, beyond the watering holes of Yorkville…

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