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Comments Related To: Is Sympathy for Bernie Madoff's Millionaire Victims Misplaced?

By: MonkeyPundit send a private message
New York City : NY : USA | 8 months ago  
Originally posted on MonkeyPundit.com By now, most of us have heard the sad, sob stories of millionaires (and multimillionaires) who have lost there life savings to Bernard Madoff'...
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READ MORE: Bernie Madoff, Madoff, Bernard Madoff, Ponzi, Ponzi Scheme, Ponzi Investment Scheme, Elie Wiesel, Wiesel
More News From: New York City : NY : USA
Reported by MonkeyPundit
MonkeyPundit

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    Posted By denexile denexile | 8 months ago
    What you are missing is that not all the victims were millionaires, and that many non-profits / charitable foundations were also affected.
    Also, I know one of the victims personally, and they invested with Madoff for exactly the opposite of 'get-rich-quick' ... they like that during the go-go days of wall street madoff provided steady income but not outrageous returns ... leading them to think that the risk was also low.
    granted, no one who invested with madoff did good due diligence, so they are of course partially to blame.
  • Reply
    Posted By MonkeyPundit MonkeyPundit | 8 months ago
    That's why I specified the Millionaire victims.
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    Posted By decpro350 decpro350 | 24 days ago
    Well written and with the right perspective. It is difficult to con someone who isn't greedy.

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