is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources
(Question 1)-Bernie Madoff was able to keep his success his success from- keep attracting new levels of investors, continuing to grow, and attract more people to your business(needs more money)
(Question 2)- how was he able to keep his scheme running so long- he stole 65 million dollars.. promised people lots of constant money- he had his finger on his investors, find investors to be counted on not to spend their money
(Question 3)- what type of person is a ponzi? - -small town shady underground character, someone who wants a lot of money, not fully trustable.
(Question 4)- can be answered by this link here
(Question 5)- Why did he do it?-because he basically wanted to have a lot of money, without really doing anything, by scamming people and investors money in his pocket.