Yes, there will be another Bernard Madoff.

1. Greed is a strong motivator for someone to make bad decisions, and once you do something "wrong" for long enough without being corrected, it becomes acceptable.
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There will be many more.

His should be criminal offense. Otherwise, many young kids will be inspired by him, to do the same.

To prevent this, don't let greed win over common sense. If a thing is too good to be true, then it can not be true. Never trust any fund, which delivers only profits, no matter where the stock market is going.

Here's a new one:
Source(s):
http://www.nydailynews.com/money/2009/01/17/2009-01-17_another_bernard_mado...


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There will definitely be another person like Bernard Madoff. They're out there right now, they just haven't been caught yet.

I do not believe he's a necessarily bad or evil person, but he compromised his ethics and then got caught in the web. He could have been sorry for the past decade, but he still couldn't unwind it all.

His offense is criminal because it was investing under false pretenses; theft.

You can't prevent people from doing this. You can only attempt to persuade investors to avoid funds that aren't transparent. Everybody who tried to figure out what Madoff was up to couldn't figure it out and didn't end up investing. Is it possible to persuade a larger portion of the general public to avoid this stuff? Probably not.

At this point, punishing him doesn't make a difference. All it does it affect the sentiment of the general public. You have to do it to keep all the 'heads cool', so to speak, but I think he 'learned' his leason long before he was actually caught.

For more Bernard Madoff information, check out Bernard Madoff on Mahalo.
Source(s):
Personal Experience/Opinion.


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