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Wall Street veterans recall how investors once begged to be allowed to invest their money with Madoff. Unlike Ponzi, he didn’t promise to deliver flashy double-digit returns overnight. He “earned” his investors 1 percent or 2 percent a month, bull market or bear, rain or shine. Because he didn’t overpromise, and because he limited his clientele, he was able to keep the scheme going for decades.

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Personal Finance Info*Crush Bad Credit*Benard L Madoff

Ten Insults for People Who “Almost” Invested With Bernie Madoff.

10 – It’s too bad that you didn’t invest. Maybe if you did you’d have committed suicide by now.

9 – Isn’t your daughter the girl who blew all those Milton Academy hockey players a few years ago?

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Personal Finance Info*Crush Bad Credit*Benard L Madoff

Not one of his mega-bank clients, we’re asked to believe, required Madoff to produce the strict audit that would be routinely undertaken for any business investments of similar size. This notion itself is preposterous, as anyone who ever worked at a bank will attest. We must therefore conclude that, at their
highest levels, banks are ready to sign onto Ponzi schemes–or whatever –just as long as they remain right-side-up. From the perspective of trusteeship, that is not an encouraging thought.

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Personal Finance Info Bernard L Mandoff

In the aftermath of the Madoff implosion, quite a few people have pointed out the parallels between a Ponzi scheme and Social Security.

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Personal Finance Info Bernard L Mandoff