So it looks. maybe, that Madoff will officially plead guilty to what he admitted in mid December. This king of the ponzi has woken up the federal authorities and there have been many similar (although smaller) schemes closed down. The begs the question : Did the SEC, FBI, et al ignore not only Uncle Bernie, but all possible frauds?
Hindsight is 20/20, however how come all the Stanford, Madoff and other crooked firms went undetected for so long? Someone was asleep at the switch !!
Anyway, my bet is the wimpy judge in the Madoff case will continue his track and let Bernie stay "free" for a while. I'm sure if any of us stole anything and pleaded guilty we would be off to Sing Sing...
posted by Peter Greene
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15 hours ago
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