A cathartic sketch of the swindler. Anger was big and free-flowing and exceeded conveniently scannable dimensions. Hence the 2 pics (dont have software to stitch the 2).
It is too easy to say he is a sign of our times. Maybe he is, maybe he isn't. Either way, it is very surprising that the investors and SEC missed all those red flags. Apparently some investors trusted him for whatever reason, and the others looked at their improbable returns and decided not to ask inconvenient questions.
Now, it turns out the idiot has been mailing millions worth jewelry and other assets to relatives since the indictment. Revoke his bail, put him in jail.
If the wealthy investors flock to hedge funds partly because there is so little govt. oversight, there is the inherent risk of exposure to frauds like this.
Only person I feel bad for, is the working schmuck who put his 401k money unknowingly into a fund whose manager outsourced to Madoff for a cushy sum, and now the guy has to work another 10 years to catch up on his pension.
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