Name: Lucy
Comments: Maybe this all came forward because he knew he was dying and wanted to put it all straight before he left here. Maybe there is an ounce of conscience in him, a bit late but he was in no rush to give up the high life.
I don't feel any sorrow for his wife either. She was part of it all I'm pretty sure of that and the people have the right to sue her for every dime she's got.
The only reason this came to light was the economic downturn at the end of last year and the beginning of this year. People were actually pulling money out of the Ponzi Scheme. That can go on only as long as there are more investors...which there were not. When that point came, he refused to pay out to some investors that wanted their money...because there was none left. That is when his moment of conscience hit him...because those people were about to tell on him and he beat them to the punch. Now he might be trying to take all the blame on himself to protect others, but more are going to fall for this for sure!
International Level: International Guru / Political Participation: 863 86.3%
Baffling move heads us to investment limbo land
Poor Bernie Madoff. If he had been running his giant Ponzi scheme in New Zealand, he would still be driving round in his Porsche, living it up large, and thumbing his nose at the investors he defrauded. Instead, after last year's crash, he was arrested in no time by the American authorities, prosecuted, and flung into the slammer for 100-odd years. Ref. Source 8