Madoff Questions by alexis garcia

Simply put a Ponzi scheme (named after Charles ponzi) is a fake investment operation where the person pays returns to their investors from new capital paid to the person by new investors, rather than from money earned through legitimate ways

How was he able to keep it going for so long?

A reason Madoff managed to fly under the radar for so long is because he was a highly experienced and active member of the financial industry and it was easy to believe that a 70 year old industry veteran knew exactly what he was doing

A ponzi scheme artist is very charming,nice,leader like,and very charismatic. They know what people want and trick them into trusting them. They are a con-man

Why did the SEC do nothing about him?

Some parts of SEC were in on his scam as well and were on his side.

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