A reason that Bernie Madoff was able to pull off the Ponzi scheme for so long was:
A) He was trusted by those who invested with him
B) The SEC failed to act on tips about Madoff's questionable practices
C) The auditors either looked the other way or didn't look too hard to find the fraud
D) All of these.

Question

Quizplus · Accepted Answer

All of these factors contributed to Madoff's ability to keep the Ponzi scheme going for so long. He was able to gain the trust of his investors, the SEC received tips about his questionable practices but failed to take action, and the auditors either turned a blind eye or did not thoroughly investigate the fraud.

A Reason That Bernie Madoff Was Able to Pull Off