Carmen Dell'Orefice Dell'Orefice. Madoff's fraudulent investment scheme drew on these funds to lure over 13,500 individuals and charities to his Ponzi scheme. She continued to socialize with the Madoffs after Levy's death. In December 2008 a 68-year-old friend, who invested her life savings with Madoff, telephoned Dell'Orefice to inform her that she too had been bankrupted by the scheme. Dell'Orefice said, "For the second time in my life, I've lost all of my life savings." Carmen Dell'Orefice Carmen Dell'Orefice (; born June 3, 1931) is an American model and actress. She is known within the fashion industry for being the world's oldest
Pyramid scheme to profit from the scheme, yet they will have paid to join the scheme. Therefore, a pyramid scheme is characterized by a few people (including the creators of the scheme) making large amounts of money, while most who join the scheme lose money. For this reason, they are considered scams. Many pyramids are more sophisticated than the simple model. These recognize that recruiting a large number of others into a scheme can be difficult, so a seemingly simpler model is used. In this model each person must recruit two others, but the ease of achieving this is offset because the