Bernard Lawrence “Bernie” Madoff, an American stockbroker, investment advisor and financier, was responsible for pulling off the largest financial fraud in U.S. history. His case is just something you have to comprehend, as it resides in the pantheon of all Ponzi schemes and its treatment of fraud is like financial porn for the 63.

Madoff’s core skill in fraud resided in faking financial statements. He claimed that he had huge compound investment returns when in fact he lost money. But as ...