This Is How Bernie Madoff Built His $50 Billion Scam

Want to know how to get people to trust you with their money? I'll tell you right now. You present it as an exclusive thing. Look, what can I tell you? It's a closed fund. An elite club for the chosen. It's not a question of credentials. Closed fund. Of course, that's just the hook. Nothing on earth makes people want something more than telling them they can't have it. You play hard to get. You make them sweat. Then you make an exception. And once they're in, you give them consistent returns. 10-12% a year. Year after year. If anybody asks you, how do you do this? What's your secret? You say to them, that's proprietary. And if the questions keep coming, the way you do it, I'll write you a check for all of it. Out of the fund. Of course, the one thing you can't afford is money going out. As long as deposits outweigh withdrawals.