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RE: LeoThread 2024-12-28 05:31

in LeoFinance21 days ago

Part 7/10:

Similarly, Len and Marge Forrest have faced profound life changes, having to sell their long-held homes and leaving them with only limited funds until they could reevaluate their situation. Marcopolis described Madoff’s scheme as a “classic affinity scam,” targeting specific communities to build trust while enriching himself. Madoff's connections to wealthy and influential individuals facilitated his operation, allowing him to lure in new investors to keep the scheme afloat.

The Role of Feeder Funds