Ten Biggest Lies in History That Befooled Us (With Pictures)

8. Madoff’s Ponzi Scheme


In 2008, Bernie Madoff confessed that his investment firm was a great lie. ThePonzi scheme is one of the biggest lies in history. The company was worth 50 billion dollars. Madoff had used the simple idea of a Ponzi scheme which allowed him to carry on for more than ten years. Madoff’s great achievement was that he was able to run this scheme for so long. The most shocking thing is that Madoff has served as the head of NASDAQ.

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