Ponzi Schemes And Madoff's Fraud Essay Example | Topics and Well Written Essays - 750 words

Ponzi Schemes And Madoff's Fraud - Essay Example 5. Although some investors were not aware that their money was put in Madoff's funds, they must also be considered victims because their money was invested for the purpose of achieving high returns, yet this did not materialize.5. Although some investors were not aware that their money was put in Madoff's funds, they must also be considered victims because their money was invested for the purpose of achieving high returns, yet this did not materialize.6. Investors with Bernard Madoff should have checked out his claims of providing high returns by getting advice from multiple money managers. This would have ensured that an honest opinion could be formed as a result and possibly the money would never have been invested in Madoff's scheme.Summary of "How Madoff Did It: Victims' Accounts"An Unending Performance Madoff was the type of person who could display self-control yet was able to intimidate other people into giving him what he wanted. The reason that he was able to fool people for so long is due to his mastery of impression management. Madoff was a controlling figure who liked to keep the distance from his victims; this explains how he was able to conceal his crimes for so long. Madoff's sometimes random behavior only added to his intrigue because it made people wanted to invest so they could be considered privileged.Accumulated Advantage Although it is well-documented that many people lost money as a result of Madoff's scheme, there were some people who made quite a lot of money.