Bernard Madoff was clever and successful in his efforts to woo some of the wealthiest and most intelligent clients, by gaining the trust of his clients. Successfully, Madoff gained prestige and credibility as he served on charitable boards and held a seat on the government advisory board on stock market regulation. Interestingly, as Madoff’s prestige and credibility continued to grow, he promised a continuous return of 10 to12 percent on investments. As a result, investors were eager to become a member of Madoff’s team and reap great returns from their investments. Regrettably, some of the wealthiest and intelligent clients did not know and understand how their investments were making money. Sadly, the investors still eagerly invested
