That major financial players ignored the flashing warning lights and continued to invest with Madoff points to the social psychology of a ruling class so manic in its pursuit of ever-greater personal wealth that it has become blinded by its own greed. More, however, is involved in this sociopathic outlook than subjective personality traits.
Bernie Madoff dies in prison at 82
Bernie Madoff
(JTA) - Bernie Madoff, the fraudster who ran a $17.5 billion Ponzi scheme ensnaring thousands of investors, including a long list of Jewish organizations and families, has died at 82.
The Associated Press reported Madoff s death Wednesday, April 14, at a federal prison in Butner, North Carolina.
Madoff was known as a selective money manager who made fantastic yet consistent profits for his clients until his entire operation was exposed as a scam amid the 2008 financial crisis. Madoff s confession of his Ponzi scheme, in which he invented fake stock gains on paper and used new investments to.
Jewish Ledger
Bernie Madoff, whose Ponzi scheme devastated the Jewish world, dies in prison at 82
By Ben Sales
(JTA) – Bernie Madoff, the fraudster who ran a $17.5 billion Ponzi scheme ensnaring thousands of investors, including a long list of Jewish organizations and families, has died at 82.
The Associated Press reported Madoff’s death Wednesday at a federal prison in Butner, North Carolina.
Madoff was known as a selective money manager who made fantastic yet consistent profits for his clients until his entire operation was exposed as a scam amid the 2008 financial crisis. Madoff’s confession of his Ponzi scheme, in which he invented fake stock gains on paper and used new investments to pay off withdrawals from other investors, set off a virtual earthquake in the Jewish philanthropic world.