Madoff’s Ponzi scheme lured investors with the mirage of consistently strong returns Madoff presented his clients, and financial regulators, with the outward trappings of respectability and success.
Of course, it was just an illusion based on false promises. The impressive profits weren’t real — Madoff just shifted money from some investors to others in the hopes of fooling people into believing they were reaping the benefits of financial wizardry.
For quite a while, Madoff succeeded in making the illusion work. It took decades before his fraud was brought to light.
In this presidential election, only a few months are left to expose Trump’s con game — and the stakes, of course, are much higher.