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Power Of Deception In Bernie Madoff's Ponzi Scheme

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The power of deception is the ability to hide crucial information from someone. When they don’t know about something they can’t act upon it. One of the biggest examples of deception is Bernie Madoff’s Ponzi scheme. Madoff wasn’t the one who invented the scheme, but he took it to new levels. He was able to embezzle fifty-billion dollars out of people. He was able to do this by tricking people out of their money. The trick that was played is he would claim this investment would be the next big thing and would pocket most of the money and use the old investments to pay off some of the new ones. He was able to gain people’s unwarranted trust by this method. He deceived a bountiful amount of people and gained money and power doing it. Madoff used

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