The great recession of 2009 brought with it 4 times the annual average of Ponzi scheme collapses (according to an AP report). Headlined by Bernie Madoff's $50 Billion blowout, there were over 150 Ponzi's revealed in 2009 compared to around 40 in 2008.
Was the Ponzi collapse a result of better governance or stricter enforcement? No. The economic situation created conditions which made it impossible for the schemes to continue. We still need better corporate governance, enhanced enforcement, and improved detection.
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