The Confidence Game: Of Ropers and Roping

This is the fourth in a series of five articles on the Bernard Madoff con game. This essay is about the arrangements between some ropers, those that solicited money for Madoff and his investment company, Bernard L. Madoff Investment Securities (BLMIS). Ropers lure victims/marks/clients/investors into a con game. The focus of this essay is on, what began as an accounting firm, Avellino and Bienes (A & B), Madoff’s own roping operation, Cohmad Securities, and Robert M. Jaffe, a well-connected competitive golfer. Madoff’s ropers were generously rewarded for their efforts at bringing in money to keep his con game going.