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View Full Version : Broker accused of $50B ponzi fraud scheme; 5x bigger than Worldcom, dwarfs Petters


BleedGopher
12-12-2008, 07:39 PM
This is a MASSIVE accusation that has wide-ranging impact, and an amazing aspect is that Madoff's two sons may have turned their Dad in:

http://online.wsj.com/article/SB122903010173099377.html

Go Gophers!!
BornandRaisedGopher
12-12-2008, 08:56 PM
http://en.wikipedia.org/wiki/Ponzi
Schnoodler
12-12-2008, 10:39 PM
It sounds like the sons maybe acted on behalf of the old man so they wouldn't be implicated as well. It sounds like it had ran it's course and would be exposed on it's own shortly. Sad deal.
Gopher4Life
12-13-2008, 09:46 AM
But is Madoff GOP, Dem, both, or neither?
jamiche
12-13-2008, 03:42 PM
But is Madoff GOP, Dem, both, or neither?

It appears that he is a thief. His party affiliation, if any, is irrelevant.
Gopher4Life
12-13-2008, 06:21 PM
Just like most of our politicians...and we keep re-electing them.