TODAY'S HISTORY OF THE DAY
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History: March 12 (#1)

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History: March 12 (#1)
Wikimedia Commons, CC BY-SA

March 12, 2009

Financier Bernie Madoff pleads guilty to one of the largest frauds in Wall Street's history.

Commentary

Commentary

Source: Wikipedia (CC BY-SA)
On March 12, in the year 2009: Financier Bernie Madoff pleads guilty to one of the largest frauds in Wall Street's history. A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Commentary

Source: Internal
Why March 12, 2009 matters: Financier Bernie Madoff pleads guilty to one of the largest frauds in Wall Street's history. What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.

Commentary

Source: Internal
Historical context: March 12, 2009 Contemporary history shows how global connectivity, digital tools, and shared knowledge continue to reshape culture, work, and learning. The event on this day: Financier Bernie Madoff pleads guilty to one of the largest frauds in Wall Street's history. Source: https://en.wikipedia.org/wiki/Ponzi_scheme (Wikipedia, CC BY-SA)