Bernard Kornfeld's Mutual Fund Empire Collapse

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