Madoff trivia
Madoff Mini Quiz
Test your knowledge with these top questions!
Question 1
Infamous fraudster Bernie Madoff ran a Ponzi scheme, which relies on what method to pay early investors?
Named after 1920s swindler Charles Ponzi, this fraud model inevitably collapses when it fails to attract enough fresh capital to cover the promised payouts.
Question 2
Financier Bernie Madoff used affinity fraud to initially recruit victims from which trusted circles?
Madoff frequently targeted Jewish charities and exclusive venues like the Palm Beach Country Club, exploiting shared social ties to bypass normal skepticism.
Question 3
Disgraced financier Bernie Madoff finally faced arrest in 2008 after what event exposed his massive fraud?
Madoff confessed to his sons Mark and Andrew that his investment business was a giant lie, prompting them to immediately alert federal authorities.
Question 4
Whistleblower Harry Markopolos realized financier Bernie Madoff was running a scam by noticing what red flag?
Markopolos proved mathematically that the market did not have enough options volume to support Madoff's impossibly consistent growth, yet the SEC ignored him.