By Subhash Jangala
On 14th April 2021, Bernie Madoff, the mastermind behind the largest ponzi scheme in the history of human civilization passed away at the age of 82 in a United States federal prison while serving his 2009 sentence of 150 years in jail. He was accused of “not just a bloodless crime that takes place on paper, but one instead that takes a staggering toll”, in the words of the US District Judge who awarded him the maximum jail-time that federal prosecutors had requested.
Quite remarkably, at the same time, in a different part of the same continent, a bizarre bull-run kicked off for Dogecoin, a meme-based digital currency surprising financial experts and commentators across the globe.
A brief background however on Madoff’s ponzi scheme merits attention. “One big…