© 2026 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

The Grand Hedge Fund Pyramid Scheme

Bernard Madoff's scheme has left dozens of banking firms and private citizens out of billions of dollars. It turns out Madoff's hedge fund was really a pyramid scheme. Madeleine Brand talks to Henry Blodget, editor of clusterstock.com, about who's affected and how much they lost.

Copyright 2023 NPR. To see more, visit https://www.npr.org.