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What about greed on all sides? Madoff’s “unusually consistent” returns of 10% were a huge red flag but even his allegedly savvy clients were happy to keep gett
by kkielhofner 4y ago
What about greed on all sides?
Madoff’s “unusually consistent” returns of 10% were a huge red flag but even his allegedly savvy clients were happy to keep getting statements. Their greed enabled his.
Greed is a real thing and at a certain level it seems to shut off higher reasoning functions in the brain.
“If it seems too good to be true it probably is”
That said fraud is fraud and there really are perpetrators and victims, more or less.
- wmf 4y agoSome people are making a distinction between greed (having enough money and wanting more) and desperation (having no money and wanting enough).