Wall Street insiders invested with Madoff because they thought he was cheating

Specifically, we’re hearing that the smart money KNEW Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspected the wrong rigged game, though: They thought it was insider trading, not a Ponzi scheme. And here’s the best part: That’s why they invested with him.

Madoff’s company is a market market in stocks. Thus, they would see massive buy or sell orders a tiny fraction of time before others and could exploit that for personal gain. That was the reason “smart money” invested with him. Because they figured he was gaming the system with an illegal advantage.

Are they all just amoral, greedy pigs?

  • Sue

    Pretty pig. Probably nice pig. Horrible humans. Sad that pigs are used as the standard of bad behavior, when it should be the other way around.

  • Is Wall Street Just One Big Ponzi Scheme ?

    Madoff told his employees that “It’s all just one big lie”.
    It’s amazing that the former chairman of the Nasdaq Stock Market
    was arrested and charged with one of the largest fraud schemes
    in Wall Street history.

    It was a giant $50 Billion Ponzi scheme!

    So Where is the Money?

    But didn’t the SEC, wonder why this fund wasn’t audited by a known firm?

    You can prevent frauds and scams
    just making some background research in his public records.
    That’s why I recommend to verify the people before doing any business.

    Before any deal, just check at this free information service

    and don’tlose your money.

    Hope that this helps someone!


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