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Then Thomas Sjoblom, the business’s attorneys, withdrew from the case and you may disavowed everything he’d told the new SEC. “I’d pass away and you can see hell when it’s a good Ponzi strategy,” he told you inside a keen interview which have ABC News shown April six. “I’yards assaulting to own my success and my integrity.” Inside a great Ponzi system, named to the 1920s-time violent Charles Ponzi, funds from the brand new people is utilized to settle earlier depositors. Nearly four far more many years enacted and Bernard Madoff’s $65 billion con concerned white until the U.S. got action against Stanford.
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