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bernie madoff
ponzi scheme
low self esteem
good advice
The Great Impostor
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The Great Impostor

So why would anyone pretend to be Benard Madoff? For Jay Berkman it is simply a matter of manipulating an optimized keyword, Bernie Madoff, who's infamy rests on perpetrating the world's largest ponzi scheme. Even though he is in prison thousands of searches are made on Madoff daily just to get the updates on this super thief. How does Berkman do this? He runs a blog to make money online and pretends to be Benard Madoff.

I hate to admit how cute the introduction is. "I'm Benard Madoff. Trust me."

There is clinical recognition of an impostor phenomenon(coined by psychologists Pauline Clance and Suzanne Imes in 1978), impostor syndrome or fraud syndrome wherein a person is unable to accept their own self esteem or accomplishment and instead rely upon their fantasy self. Their low self esteem is reinforced by the belief that only luck, good timing, or the ability to persuade others they are smarter than they really are.

So why pretend to be the world's greatest con man? Probably this. The method that Benard Madoff used to bilk over $65 billion dollars works.

"Greed is always going to supersede caution," says Berkman. "As long as there's human nature, and as long as there's someone that's clever, it's going to repeat itself time and time again."

So when it comes to making money online our unscrupulous fellows have this human frailty in mind. And since too many people are reluctant to accept good advice, allow me a few oft repeated suggestions.

  1. It is probably too good to be true if it sounds that way.
  2. If you put all your eggs in the same basket it only takes one slip to break them all.
  3. Don't go under the knife without consulting a second butcher.
  4. There are no reputations worthy of unquestionable trust.
  5. If something seems magical it may make money, but not for you.
  6. If you are about to be closed out if you don't act now your chain is being yanked.
  7. If the opportunity tweaks your prestige remember the Emperor's new clothes.
  8. If it has to be done in secret the whereabouts of your money may become another secret.
  9. If they claim the opportunity is an act of God remember that fund transfers happen lightening fast.

Feel like laughing?


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