secmaven

Lesson Learned from Madoff's Ponzi Scheme

Only a "few" people avoided Madoff's schemes? Of the millions of investors out there I see only a couple thousand were working this scam with Bernie. And every one of the scammers were given a statement each month that told them exactly what investments/transactio... were being made and with their money. So your charge that there was no transparency is bogus. The fact that the statements were obviously bogus is key to the mentality of the Walter Noel's of the world. They knew something illegal was going down. They just thought they could take advantage of it without getting caught.