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It seems that there will always be those that think there is such a thing as a ‘free lunch’ – and not just those whom we might consider ‘unsophisticated investors’. The list of those who invested with Bernie Madoff attests to that.

An Australian conman has been jailed for 13 years recently over a money management scam that offered clients annual returns of 50 per cent or more by investing in commodities and currencies. Why does this keep happening?
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