Friday, December 19, 2008

Madoff - 30 Years and 4,000 Investors?

Is it possible that Madoff has been running a scam since the 70's with over 4,000 investors?

It is truly amazing how much of a life these stories take on as they unfold. I may wind up eating these words, but does anyone really believe that Madoff has been defrauding people for 30 plus years?

However, Bloomberg says:
U.S. regulators, trying to unravel the breadth of Bernard Madoff’s alleged $50 billion fraud, have found evidence of misconduct stretching back to at least the 1970s, two people familiar with the inquiry said. Worldwide

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