Do you want to know Madoff's strategy to cheat, steal and defraud that let him go on so long undetected?

Here is his strategy:

a. He enticed charities, which are organizations, who would be less hostile if he were exposed, unlike individual investors who lost their all in all, who would be outraged to violence. To fortify his concealed fraud and theft, he got into the directorate of the particular charity, or one of his family did, so that if anything was brought up, he'd get ear of it and either silence it or cover it up specially.

b. To create the appearance of exclusivity and class, he was very selective of the investors who wanted to give him money, rejecting certain ones, so that whatever invester was accepted, would be grateful and less likely to look deep down.

c. He’d screen carefully every person who wanted to place funds with him - To investigate the specific investor - He'd hire investigators to go into every detail of the potential investor's business activity, credit background, marital involvements etc and if there were indications of tax fraud or divorce fraud, he'd take them in as investors. He wanted to see if the applicant’s financial activities were such that the money he was giving to Madoff was concealed tax fraud, that plenty of monied people have, and they seek places where the monies can remain concealed in a larger fund composed of many investors. Madoff knew that if the fraud ever was found out, these investors with shady assets that the IRS would immediately check into if these persons names surfaced as persons with claims against Madoff, then these people would just go away and take their loss rather than face criminal or civil charges by the IRS. so Madoff had a ready made gag over the mouths of many, many individual investors who he ripped off, knowing they would never open their mouths to regulators to protect themselves.

And as for the alleged “innocence” of his two sons. They knew plenty about it. Madoff didn’t want their lives destroyed by his evil, so it was agreed that when the matter was about to bust out, the sons would play the role of heroes unveiling Madoff so they would avoid prosecution.

Real nice family, isn’t it?