raghu wrote: > It is indeed remarkable how there are apparently no "widows and > orphans" type victims of this guy. CNBC ran a special called "Scam of > the century" or something like that on Madoff and most of the victims > they profiled came across as singularly undeserving of sympathy e.g. > some people who lost their summer mansions in Palm Beach that sort of > thing.
Part of his selling method, as I understand it, is that Madoff wouldn't accept money from just anyone. It was exclusive: you had to be elite to be ripped off. It's a version of "the emperor's new clothes" scam: only smart and elite people like you can get such a wonderfully high (but bogus) rate of return. Mere mortals can't see it. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
