Bernie was able to successfully run his Ponzi scheme based off the following: selective clientele, his reputation, and BMIS reported earnings. One of the most contributing factors that kept investors coming and a desiring to seek financial advisement from him was his selectiveness. From the outside people wanted to be “part of the club” and have the status of investing with Bernard Madoff, NYSE guru. In actuality Madoff’s selection of wealthy clients was almost predatory in the fact that he knew if he was exposed the list of celebrities, dignitaries, and reputable companies would rather make it go away than to admit they were victimized.
There was no question that Bernard’s character was like a gleaming stainless trophy and he appeared to
There was no question that Bernard’s character was like a gleaming stainless trophy and he appeared to