Here is Madoff’s strategy:
1. He enticed charities, which are organizations, who would be less hostile if he were exposed, unlike individual investors who lost their all in all, who would be outraged to violence. To fortify his concealed fraud and theft, he got into the directorate of the particular charity, or one of his family did, so that if anything was brought up, he’d get ear of it and either silence it or cover it up specially.
2. He screened CAREFULLY every individual investor-to-be, for several purposes: (when I mean "SCREENING CAREFULLY" for these purpose he did extensive, and in depth checks of credit, family members and family backgrounds, court litigation records and even surveillances of activities of persons who wanted to invest with him, before accepting or rejecting their requests to invest. The purpose:
a. To create the appearance of exclusivity and class, so that whatever invester was accepted, would be grateful and less likely to look deep down and question what was going on.
b. To investigate the specific investor –
b. The reason he hired investigators to go into every detail of the potential investor’s business activity, credit background, marital involvements etc and if there were indications of tax fraud or divorce fraud, he’d take them in as investors to see if his financial activities were such that the money he was giving to Madoff was concealed tax fraud, or illegally obtained unreported income that plenty of monied people have, and who seek places where the monies can remain concealed in a larger fund composed of many investors. In applications to invest, Madoff asked where the funds the potential investor wanted to turn over to Madoff were situated at the time of the request, Madoff knew that if the fraud ever was found out, these investors with shady assets that the IRS would immediately check into if their names were brought up in any claims against Madoff, that these people would just go away and take their loss rather than face criminal or civil charges by the IRS or federal prosecutors. So Madoff rejected investors who had clean backgrounds but for those with questionable sources or sites of present wealth, he had a ready made gag over the mouths of many, many individual investors who he ripped off, knowing they would never open their mouths to regulators if his schemes were exposed.
crooks never get away with it. sooner or later their guise cracks, usually from a disgruntled insider who blows a whistle. Madoff knew the scheme was about to fall apart so he had his sons pretend to be whistle blowers so they wouldnt be charged with crimes and go down with him (fatherly love)
1 day ago

the support will show when the lists of claims doesnt match the amount missing. Then regulators will have to go into the day by day activity that can unearth to provide you with your demand for proof. Just be patient,. Only the tip of the iceberg is seen now

You also forgot to mention that he setup a shell accounting firm that had only one client, Madoff.

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