A $50,000,000,000 ponzi scheme.

[hepcat]

In context I understand. How much different is what he did to what the banks have been doing with credit or our government been doing with Social Security and selling debt or with us and investing stock markets and housing? Only in the level of dishonesty is different.

He's a crook and deserves what he gets. But then I see a lot of crooks skating by all of the time. It's sad.

It boils down to disclosure. Madoff didn't tell his investors he was funding them by using monies from other investors.

[Grifman]

In context I understand. How much different is what he did to what the banks have been doing with credit or our government been doing with Social Security and selling debt or with us and investing stock markets and housing? Only in the level of dishonesty is different.

Never ascribe to criminality what may be explained by mere stupidity.

[SpaceLord]

Madoff trustee gets 'game changing' $7B settlement

7 Billion isn't bad, considering. Bless Barbara Picower.

[hepcat]

Madoff trustee gets 'game changing' $7B settlement

7 Billion isn't bad, considering. Bless Barbara Picower.

I'm not so sure this was the result of altruism. It sounds like they had been pursuing the husband for a while to 'fess up that he knew he was involved in fraudulent activities and to make with the cash reimbursement. He was in talks at the time of his death.

[LawBeefaroni]

Madoff dead.