The Bernie Madoff Story
This is the fraud that broke people’s brains because it didn’t look like a scam. It looked like stability. It looked like status. It looked like “smart money.”
The setup
The pitch wasn’t “get rich quick.” The pitch was “steady returns forever.” That’s how it got the wealthy, the institutions, and the charities.
The mechanism
New money paid old investors. The “profits” were paper. The trust was real. The moment inflows slowed, the illusion collapsed.
The damage
Retirements erased. Foundations hollowed out. Regular people wiped out — especially when their money was pooled into “safe” funds.
The red flag
Any investment that promises consistent, low-volatility returns in all markets is either misunderstood… or manufactured.