Pages

Saturday, April 09, 2011

From behind bars, Madoff spins his story

FT.com / FT Magazine - From behind bars, Madoff spins his story: "The fact that so much of Madoff’s story is so commonplace on Wall Street – the tax shelters, black boxes and mysterious returns – is what allowed him to go undetected for so long. And this is why Madoff has sent chills through investors at every level. If the most sophisticated minds in finance were easily duped through an elementary scheme run by one of their own, how can anyone with money invested in the modern financial system know who to trust? This bedevilling question is why Madoff cannot be ignored, even as he �languishes in a North Carolina prison."

No comments: