April 2010
Beginner
10 pages
10m
English
Overview
This Element is an excerpt from Who Can You Trust With Your Money? Get the Help You Need Now and Avoid Dishonest Advisors (9780137033652), by Bonnie Kirchner. Available in print and digital formats.
Lessons from the Bernie Madoff catastrophe: how you can keep “the next Madoff” from happening to you
Like my ex-husband, financial scammer Brad Bleidt, Bernard Madoff was charming and innovative and influential in certain circles. Both men utilized their influence within these networks to recruit victims. They both provided consistently good performance in good times and bad. What is different about Madoff? He not only took advantage of inexperienced investors, but also fooled the investment community...
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