ABSTRACT
There is some question about whether Bernard Madoff had fooled all of his clients. Not everyone who invested with him lost money. As in any con game, someone is permitted to win in order to draw in more people with more money. In the language of a con game, these outside men lure potential victims into the game by winning large amounts of money, convincing marks how lucrative playing can be. Madoff proved unusually successful in making money for Carl J. Shapiro in arbitrage trades, eventually moving Shapiro from being very wealthy to extremely wealthy. Elie Wiesel admitted that he bought into the Madoff mystique, that he was charmed. Elie Wiesel: The Holocaust survivor, author, and Nobel Prize recipient lost approximately $37 million in Madoff's con—perhaps more than $20 million of his personal assets and $15.2 million from the endowment of his charitable foundation, the Elie Wiesel Foundation for Humanity.
