![]() ![]() ![]() "Through many of the years of Madoff's fraud, investors could have made a lot more money even in some of the very prominent mutual funds," she said. The former NASDAQ chairman portrayed himself not just as a great investor, but a morally upstanding one.įinancial reporter Diana Henriques, who wrote a book about the case, described Madoff's scheme in a 2011 Fresh Air interview as exploiting not investors' greed, but their fear. Madoff Investment Securities LLC, consistently boasted impressive returns, and his clients - many within the Jewish community - included celebrities and wealthy philanthropists as well as ordinary people.īefore the scheme came to light, Madoff's credibility was bolstered by his lavish lifestyle, which featured a yacht and properties in Palm Beach, the Hamptons and the south of France. But long before his name became synonymous with deceit, it had been held in high regard on Wall Street.
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