Bernie Madoff Essay

Words: 1886
Pages: 8
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Title: The man that Madoff with billions.
Hook: “The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you”
Introduction
Bernie Madoff had a unique personality that was charming and convincing, this helped him join elite social circles and grow his lie.
Jerry Reisman, who met him at the Glen Oaks Country Club in Westbury, New York, said: “He moved in some of the best social circles in New York. He worked the best country clubs. He was utterly charming. He was a master at meeting people and creating this aura. People looked at him as a superhero.
Analysis-Madoff was in many powerful social circles in New York which gave him credibility but he also had a certain type …show more content…
But he circumvented their suspicions by recruiting 4,000 clients with a calculated front of charm and mystery that was so successful they begged him for the chance to hand over their cash.
Analysis-Once Madoff knew that other investment banks were onto him he managed to lie and get rid of their suspicion by recruiting 4000 clients. This showed that other giant investment banks were fooled too by Madoff. Not only were they fooled into believing him they also wanted to invest in him.
Madoff was a truly evil person, he knew the damage that he would cause but that did not stop him.
“Hitler tried to kill the Jews as a people. In one weekend, Bernie Madoff destroyed wealth in America as we know it”
Analysis-He knew that his scheme would hurt the economy and the wealth in America as a whole. His greed caused him to just want to grow his wealth even more, never once did he think about his actions and what would happen if he got caught.
Background details
Born on April 29, 1938, in Queens, New York.
He was was a self made man, he was born into a fairly poor household. He earned money through lifeguarding, installing sprinkler systems, and borrowing $50,000 from his in
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