As we’re all now aware from media that Madoff’s fraud in essence was a well-known pyramid or Ponzi scheme (how it’s called in US), it’s still hard to believe that he managed to fool leading banks around and stick to it for such a long time. What were the main strategies and tricks used by Madoff to make simple pyramid game to play so long and so steadily? I have picked up most essential points to understand Madoff’s fraud:

Social networks definitely became a part of our day-to-day life. But when it comes to younger generation it looks like social networks are not just a part, but something more comprehensive and important in their lives. Let’s try to assess potential benefits and negatives of the social networks for our children: