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GS PAPER III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Context: Bernie Madoff, the Wall Street financier who was sentenced to 150 years after being convicted for what came to be known as the largest and most devastating Ponzi scheme in financial history, died in a prison hospital in the US.
What is Ponzi scheme?
Regulation of Ponzi scheme in India:
https://indianexpress.com/article/explained/explained-the-story-of-bernie-madoff-who-ran-the-largest-ponzi-scheme-in-history-7275332/
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