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How Crypto Is Using the Behavioral Dynamics of Bernie Madoff’s Fraud

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How Crypto Is Using the Behavioral Dynamics of Bernie Madoff’s Fraud

By Pam Martens: May 23, 2022 ~ On June 18, 1991 I was having lunch with two of my new investment clients on the outdoor patio of their private country club on Long Island. As their friends stopped by the table, the married couple introduced me as their investment advisor and recommended me to their friends. One friend said to my astonishment: “Can you guarantee me the same 13 percent annual return as Bernie Madoff?” If one is a reputable, licensed broker, guaranteeing a 13 percent return – or any guaranteed return on a stock portfolio – is a flagrant violation of the rules of the investment industry. It can also strip you of your license, your career, and get you perp walked. Stock investing is a volatile endeavor. Stocks can go into a bear market and deliver a negative return for years. That is why it is illegal to guarantee … Continue reading


Source: http://silveristhenew.com/2022/05/23/how-crypto-is-using-the-behavioral-dynamics-of-bernie-madoffs-fraud/



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