I am gob-smacked, rendered prostrate by the audacity of the family and estate of Mr Charles Ponzi, the first man to operate a large pyramid or rob Peter to pay Paul scheme.
They are suing Bernie Madoff, the Federal Regulators, the media in general and anyone else they can think of to stop them referring to the fraud operated by Bernie Madoff as a Ponzi Scheme.
Impinges on his legacy, his reputation and so on the family says. They don't want the family name associated with a crook.
Unbelievable.
So what, exactly was Mr Charles Ponzi then?
Enlighten me PLEASE!
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