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Enter Poem or Quote (Required)Required Joke was on him A lie can perpetuate with a blinding speed Growing on the heels of shameful greed If enough people believe a con-man's spiel And blindly proceed to invest in a dubious deal. He began quite small with his Ponzi scheme Stomping ruthlessly on gullible citizen's dream Pretending that he was investing in stock market Delivering promised returns regularly on target. Becoming famous as word of high returns spread Billions he attracted as testimonials mislead, Paying current clients from new-client receipts Manipulating his records to hide his deceits. Although his company was frequently audited No one could detect the fraud being committed. Suspicions ran high for returns were unbelievable, Authorities were fooled by a fraud inconceivable. Ponzi scheme thrives on constant new cash flow As new funds meet outflows that continue to grow, But it collapses in a hurry if new money stops For clients demand refunds as the company flops. A market-crash caused new money to dry out Bringing to a quick end his fraudulent clout As he confessed to a multibillion fraud scheme When finally he realized that the joke was on him. Investors big and small were caught by surprise Lives that were ruined continue to agonize. Soon he was arrested for his long tenure of crime And sentenced to prison for his remaining lifetime. His son committed suicide overcome by veracity As his wife deflects shame in solitude of tenacity. While he sits in jail for a crime of this century Grievous losses torment lives due to his treachery. A fraud only propagates till its ultimate demise For truth always conquers defeating all lies. November 26, 2017 I started a joke Sponsor: Maria Williams First Place Note: This Ponzi scheme was uncovered after the 2008 market crash. Though the fraudster never invested in the market, new money flow stopped because investors were spooked by the market decline and ensuing recession. He confessed when he couldn't make a multi-billion payment due in 2008. He was sentenced to 150 years in jail. One of his sons committed suicide, the other son died. His brother was also sentenced to jail--all worked for the firm.
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