In a recent interview with Russ Kinnel of Morningstar, author Diana Henriques shared some lesser known information about Bernie Madoff. Henriques sheds light on how Madoff's family history and early business decisions set the stage for the largest Ponzi scheme in history.
Henriques also offers some fascinating insights on how Madoff exploited investors' fears rather than their greed, as well as how he avoided SEC scrutiny for so long. The interview includes lessons for investors when selecting an investment advisor. Click here for the transcript of the interview.