What The Bernie Madoff Ponzi Scheme Can Teach Us » Scammer News

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By Jim Campbell, Next Avenue

Editor’s note: In his new book, “Madoff Talks,” investigative reporter Jim Campbell probes the $65 billion investment fraud perpetuated by the late Bernie Madoff, the largest Ponzi scheme in history. The book features Madoff’s handwritten letters and emails to Campbell, explaining how he pulled off the con, plus interviews with Madoff’s wife Ruth and son Andrew. In this excerpt, Campbell offers five rules to keep investors safe from such schemes.

“I stopped because the stress was killing me,” Bernie Madoff told me. “I was still being offered money in huge sums.”

It is likely that, in his mind, Madoff needed it to be his decision to throw in the towel — always in control, even when he wasn’t. (Madoff died in prison April 14, 2021, while serving a 150-year sentence for securities fraud, money laundering and other crimes.)

Madoff’s scheme demonstrates that…

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