Instructions
Full Game: These are multiple-choice quizzes with four possible answer choices that include all questions in a given set.
Identify the company that went insolvent in 2008 when its founder tricked investors out of $64.8 billion through the largest Ponzi scheme in history.
South Sea Company
Carrian Group
Bernard L. Madoff Investment Securities LLC
Société Générale
CORRECT
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Investors were paid returns out of their own money or that of other investors rather than from profits. Madoff told his sons about his scheme and they reported him to the SEC. He was arrested the next day.
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INCORRECT
The correct answer was Bernard L. Madoff Investment Securities LLC