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Mad-Off Ponzi Scheme

Updated on May 18, 2009
Bernard Mad-off
Bernard Mad-off

How to protect yourself from the Bernard Madoffs of the world

Is it really Bernard Mad-off that should be at fault here or is it our greed that we should consult with. Mad-Off has done what most of us would have done, perhaps not to this extreme but nonetheless creating opportunitiy for him and his family is a goal we all wish to accomplished. Who denounced the thief caught him but he who safeguard the accomplices from being pronounced, is as guilty as the thief who commited the scheme. Bernard Mad-off could never have been successful with this Ponzi schemes without good partnership.

Now, can anyone say that he's the only one to blame, when some of his clients new that his actions were not totally legit. Yes, it may have been true that some people had no clue but no one can say for certain that those folks were not looking for return on investments that was impossible to have achieved

As a society, we often shift our opinions in favor of popular thinking without further analysis on our own account. And by continuously do that, led us into formatting our minds to think in three dimensional when they can be more. So, I suppose a clear understanding of Mad-Off case would require detail information which us the public do not have. Therefore, our only source of information is what we've been condition to believe from the media, which is OK but should that be our only medium to make a judgment.

We've heard it said before that you only get what you asked for. So then my question to you is, did Mad-Off went looking for those investors or did they came looking for him? Yes, one can argue that at the beginning he had to do some soul searching to get clients. However, the truth of the matter equals, most of them came to him looking for return on investments that was ridiculously impossible to have achieved. Now, from your own perspective, can you honestly placed all the blame on the scheme artist or would you be considerate enough to noticed that greedy investors played a big role in this Ponzi scheme that have made Wall Street seams more like back street.

All human beings are faceless, until they let their internal face shine forth outwardly. Well, I guest we all saw Bernard Mad -Off internal face manifested itself on the day he got caught. Most inverters new absolutely nothing about Mad-Off before investing their money with him, all they new of him was his reputation which is a faceless attribute.

Now, the most important thing an investor can do to protect himself from falling victim to ponzi schemes, is to stop being greedy. However, the first function for an investor prior investing his money into any commodity is to know the value of what you're investing your money into. Most often, inverters are not realistic, they're too superficial and they don't pay attention to the fundamentals. As an inverter, you must have a good understanding of the economy, knows what effects the economy and why. You shouldn't sorely listen to your broker's advice to know where to invest your money. You should have other alternative sources to guide you through your decision process. Making such practice applicable, you'll be able to foresee the intention of your brokers internal face, greed will then be to you a reminder of false pretense.

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    • Coolbreezing profile imageAUTHOR

      James Dubreze 

      9 years ago from New York, New York

      Hi! Morrison 

      I'M glad you like it - please come back - I can definitely appreciate your impute.

    • morrisonspeaks profile image

      morrisonspeaks 

      9 years ago

      Hey! Thank you for sharing this. I will definitely come back for more. Here's my take on this topic :) http://hubpages.com/hub/Being-Madoffed-Renews-Bag-...

    • Coolbreezing profile imageAUTHOR

      James Dubreze 

      9 years ago from New York, New York

      Agreed, he could not have done it without help.

    • 49er profile image

      49er 

      9 years ago from USA

      I agree with you that it is not so clear cut of a situation as to say that Madoff is evil and everyone else is the victim. There is no way that a person who understands the finance industry could look at the returns offered by Madoff and think there was nothing shady going on. Greed did likely play a large part in many of the people that joined the scheme.

      With that said, I am sure there were some who were taken in and perhaps because of their greed did not look to deeply into it. I am sure there are some honest people who lost their money as well.

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