Bernie Madoff's Success
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What were the elements that led to Bernie Madoff so successfully wooing some of the wealthiest and most intelligent clients? Why do you think the SEC was unable to uncover his fraud?
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Solution Summary
The solution explains what allowed Bernie Madoff to be successful in starting up his fraudulent scheme.
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Madoff had a successful strategy of creating demand for his services. He engaged new clients on an invitation only level. This factor generated enthusiasm as well as manufactured a confident trust in his services. Many ...
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