choo 7853

tods5eshoes · Wysłany: Czw 14:05, 10 Mar 2011 Temat postu: choo 7853

There Are Ways To Use Greed, Stupidity And Corruption As A Super Thief
There is always someone or something that represents thegreed, corruption and stupidity at the close of an era. Ex Wall Street chairmanand founder, Jewish born Bernard L Madoff, is one such story, that signifiedthe age of ��easy credit��. A period of time that brought nations crashing totheir knees, across the globe, in the worst recession since the 1930��s GreatDepression. Seventy year-old Madoff conceived the biggest ponzi schemethat the world has ever witnessed. Madoff��s wife worked with him from the commencementof the scheme. Madoff��s customers were able to earn out of the ordinaryinterest,[link widoczny dla zalogowanych], even while the financial world was falling down around everyone��sears. Madoff fed off people��s greed and stupidity by using 11 simple rules. ��Madoff��s Project Conveyed ExclusivityMadoff gathered his clients from exclusive clubs, whilerefusing numerous other would-be investors, thereby creating an instantexclusivity. He made people believe they were ��lucky�� to finally be added tothe scheme. ��Madoff Ensured He Was Well Connected Madoff and his wife were once seen as the ��Must-Know�� peopleon the society circuit. The world��s wealthiest and most famous people wereoften invited to visit the Madoffs on their 55 foot boat, or at one of theirthree spacious mansions. ��Madoff Was Well Liked And Highly RespectedMadoff and his wife Ruth, nurtured a feeling of well-beingin all those around them. They gave the appearance of being such likeablepeople, only out to help others, that Madoff in particular, was highly regardedby the rich and famous. ��Madoff NetworkedMadoff used his ��friends�� to recruit other clients on hisbehalf. He used his ��A�� list of clients to draw in others. This allowed Madoffto secure entry to the wealthy all over the globe. Madoff was an important memberof the Jewish community. ��Madoff Offered A Business PlanMadoff offered a ponzi scheme, where money from freshinvestors paid out older investors. All this was done without actually makingany investments. ��Madoff Had The Salesman��s Dream Talent �C The GiftOf The GabMadoff was never hesitant in coming forward with a swift andspecific word of advice for his investors. ��Madoff Created CredibilityMadoff advised his new investors to start out small andallow their investment to build up. This added to the credibility of thescheme. ��Madoff Appeared to Do Everything RightWhile Madoff was the creator of the Internet access toaccounts. However, he never allowed his clients to have access to thistechnology. Instead he sent out a monthly newsletter, giving reports toinvestors of their ��trading�� activity and ��investments��. In spite of numerousinvestigations, Madoff seemed to come up squeaky clean. ��Madoff Avoided The User Of Credible AccountingFirmsMadoff adamantly refused to use credible accounting andauditing firms. Instead he used a totally unknown firm that had noaccountability, allowing Madoff to freely ��change the books��. Madoff never letany outside organization do any performance audits. ��Madoff Established A Relationship With TheRegulatorsNumerous people raised concerns about the high rate ofinterest his investors were receiving, when the economy was on a worldwidenose-dive. Well known critics openly declared it was mathematically impossiblefor Maddof��s investment strategies to return what he said they were doing. Madoff openly admitted he was ��close to the regulators�� and was known to havelied to the SEC. In fact, Madoff was an advisor to the regulators, as theformer chairman and founder of the NASDAQ, as well as an adviser to theSecurities and Exchange Commission. ��Madoff Was A High Profile DonorMadoff never hesitated to come forward as a political donorand philanthropist �C do gooder. Madoff and his wife formed a charitablefoundation, donating frequenly to hospitals and theatres,[link widoczny dla zalogowanych], as well as researchprograms. Now having discovered how Madoff made use of greed, corruption and,[link widoczny dla zalogowanych], yes stupidity, take a look at the other side of the coin, according to a person who was near to Madoff for approximately twenty years. ��Madoff was a sexist egomaniac who was known tofrequentmassage parlours. ��Madoff was irresistible to women and a long-timeflirt, with a roving eye (even though his wife Ruth watched him like a hawk). ��Madoff was known to insult his staff when hewent under stressMadoff��s victims in the ponzi scheme are widely recorded, including the clinical Professor of Psychiatry at the University of Colorado, one of the world��s leading experts on financial scams and the author of Annalsof Gulibility: Why We Get Duped And HowTo Avoid It. The results from Madoff��s scheme will be around for years tocome in the land of the rich and famous. Madoff was only caught after confessedto his two sons, that the whole business was ��one big lie��. The biggest lie theworld has ever known. It is not known how much money Madoff stashed awayoverseas,[link widoczny dla zalogowanych], before his arrest. Dr Wendy Stenberg-Tendys and her husband are CEO's of YouMe Support Foundation (http: //youmesupport. org) providing high s[link widoczny dla zalogowanych]l education grants for children who are without hope. A chance to fulfill their dreams at whatever level they chose to. Take a few minutes to check it all out at Win A Resort (http: //winareosrt. com)Feel free to contact Wendy on admin@youmesupport. orgTopics related articles：

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