Imagine, if Bernie Madoff had been challenged by his victims in the exactly same way that I advised young Trivedi to challenge his 'Amway' handlers? Imagine, if they'd all got together and demanded that Madoff answer the following, simple question:
Over the last several years, what percentage (by value) of 'Madoff Investments' perpetually-expanding , multi-billion dollar Hedge Fund' have actually derived from persons who are not investors themselves?
In reality, Madoff was challenged by a few of his victims just before he confessed to federal law enforcement agents that the only cash that there had ever been in his miraculous 'Hedge Fund', was secretly that of his victims. In the months prior to his arrest, Madoff was still confidently spouting the same precisely-worded lies and pointing to a long list of 'independent sources' (including The Wall Street Journal) to back him up. In reality, for more than a decade, a whole flock of (apparently well-educated) financial journalists had simply repeated Madoff's 'multi-billion dollar' fairytale (without the slightest qualification). Apparently, it never occurred to these dunces with diplomas to dig deeper and ask the mercurial Mr. Madoff for some proof that he was, in fact, telling the truth.
Trivedi again fails to comprehend plain English. Self-evidently, I didn't ask him any questions at all, because we all know that he doesn't have the beginnings of clue what the answers are. I merely suggested that the poor little lad put his hand up and ask his 'Amway' handlers some vey specific questions which, just like Bernie Madoff, they cannot answer directly. However, Trivedi has revealed that he accepts that 'Amway' makes no distinction in its published 'multi-billion dollar sales figures' between internal ('wholesale') transactions and external ('retail') transactions. This is rather remarkable, considering the fact that, in 1979 (in order to avoid criminal prosecution), 'Amway's' lawyers promised the US Federal Trade Commission that no 'Amway' commission agents would qualify to receive bonus payments unless they could prove that they were retailing the overwhelming majority (by value) of their own purchases on to persons who were not agents of 'Amway'. At this time, theFTC (with a naivety that beggars belief) trusted the bosses of the 'Amway' mob to put their own shifty edifice in order.