The government is the biggest ponzy scheme, but this schmuck is the only one to fry?
The big banks that PRACTICE these things ALL the time get NOTHING and this man and his family are ripped to shreds.
Yes, it’s wrong. But how does one conduct ANY type of RIGHT business when the rules are different for different people? Madoff screwed up. But it’s not his conduct of business that got him in trouble. See the link after the article below. Madoff was suing a bunch of people.
His “ponzy” scheme is conducted everyday by the government. The bail outs only CONTRIBUTED to the POT.
Mark’s hanging, in my opinion, is questionable.
Madoff son found dead in New York apartment, official says
December 11, 2010, 6:47 a.m
One of Bernard Madoff’s sons was found dead Saturday of an apparent suicide, according to a law enforcement official.
Mark Madoff, 46, was found hanged in his apartment in Manhattan’s SoHo section, according to the official. A family member notified police around 7:30 a.m.
The official spoke to the AP on the condition of anonymity because he wasn’t allowed to speak publicly about the case.
Mark Madoff and his brother, Andrew, were under investigation but hadn’t faced any criminal charges in the massive Ponzi scheme that led to their father’s jailing.
Bernard Madoff swindled a long list of investors out of billions of dollars and is serving a 150-year prison term in North Carolina.
The scandal put a harsh light on members of the swindler’s family. The financier’s brother, Peter, played a prominent role in the family’s company. Mark and Andrew Madoff both worked on a trading desk at the firm, on a side of the business that wasn’t directly involved in the Ponzi scheme.
A year ago, the court-appointed trustee trying to unravel Madoff’s financial affairs sued several members of the family, including the brothers, accusing them of failing to detect the fraud while living lavish lifestyles financed with the family’s ill-gotten fortune.
The lawsuit accused Mark Madoff of using $66 million he received improperly to buy luxury homes in New York City, Nantucket and Connecticut.
In February, Mark Madoff’s wife petitioned a court to change her last name, saying her family had gotten threats and was humiliated by the scandal.
A call to Mark Madoff’s attorney and his father’s attorney was not immediately returned Saturday. Calls to the FBI and U.S. Attorney’s office were also not immediately returned.
So, why did Madoff sue Rupert Murdock ?