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Bernard Madoff's Largest Ponzi Scheme

187 Words1 Pages
In the case of the largest Ponzi scheme discovered in U.S. history, it was conducted by Bernard Madoff. Mr. Madoff was able to scheme the business world elite investors and elite members of society. Bernie Madoff was able to conduct this scheme for years without question or suspension due to his charming personality, reputable character, the verified reporting of earnings, and most importantly his connections. There was seldom inquires of his methods due to the fear of being ostracized from this exclusive group. Bernard Madoff Investment Securities was operated by Bernie’s closest family members and relatives. In Bernie’s confession he admitted that he and he alone knew about the BMIS being a Ponzi scheme. “The family emphasized the separation
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