History: Hits and Stories

Bernard Kornfeld's Mutual Fund Empire Collapse

8 min · Ayer
Portada del episodio Bernard Kornfeld's Mutual Fund Empire Collapse

Descripción

In this episode, we explore the rise and fall of Bernard Kornfeld, an American salesman who built one of the largest mutual fund empires by promising ordinary people a share of global wealth. We examine how his company, Investors Overseas Services (IOS), grew rapidly through aggressive sales tactics and high fees, eventually collapsing under the weight of its own unsustainable structure and Kornfeld's unwavering confidence. Chapters 00:00 Introduction to Bernard Kornfeld 01:48 The Birth of IOS 04:18 Signs of Collapse 06:22 Robert Vesco and the End ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

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