Finance

Here’s how investors can spot the next Bernie Madoff

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Bernie Madoff exits federal court March 10, 2009, in New York.

Mario Tama | Getty Images News | Getty Images

Bernie Madoff was perhaps the starkest reminder that financial advisors can go rogue — and, when they do, people stand to lose a lot of money.

Fortunately, there are steps investors can take to limit their risk.

Madoff, who died in prison Wednesday at age 82, was the mastermind of the biggest investment fraud in U.S. history. His Ponzi scheme swindled tens of thousands of people of as much as $65 billion over four decades.

He’d been serving a 150-year prison sentence after pleading guilty in 2009.

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Source cnbc.com

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