The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion.
✓ TRUE FACT
The “$65B” figure generally refers to the fictitious account statements and reported balances—much of it was fake “profits.” Estimates of actual invested principal losses are often cited around ~$17–20B, with recoveries over time pushing restitution into the $15B+ range.
🤯 "The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick."