Any comments about Mr Madoff?

[Kaliayev]

Originally Posted by tw

Steven Greenspan, a psychiatry professor at the U of CO wrote a book about the factors and psychology of a scam. After his book (Annals of Gullibility)was published, "with supreme irony", he lost half his retirement investments with Madoff. Greenspan explains the Madoff ponzi scheme AND Saddam's WMDs.

Greenspan also noted the scam is particularly powerful within an ethnic or religious group as Ponzi demonstrated in 1920 Italy. Religious people particularly because: if another believes your religion, then he must be trustworthy. Nonsense. Rarely are the most religious also the most trustworthy. Just another example of why religion justifies so much of what those same people would otherwise call 'evil'.

How to identify the greatest ‘evils’? Let religion be a basis of any decision. Madoff was particularly influential – could promote his lies easiest - among other older Jews.

Good stuff. I've often taken an interest in the work of con artists and the mechanisms behind the process. Its amazing how much of an effect the right image can have on someone.