Multiple accounts detail how Bernard Madoff exploited his cultural Judaism as part of his "con" to get investors like Hadassah and Elie Wiesel, and by extension, a network of wealthy Jews "you gotta see my guy Bernie". But it probably started from Day 1 at his father-in-law's accounting office- notice the traditionally Jewish surnames of his clients.
Many cultures, especially in the Northeast, "stick together" whether Irish, Italian, Greek, Jewish, Chinese, Polish, Russian and so on. They do business with each other, and membership in that culture serves as an endorsement. There's an expression "hey, I gotta guy" that is a big part of this.
Madoff seemed more like a cultural Jew, by heritage, than a religious, observant Jew, unlike his brother who turned to the rabbi in his time of distress.
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