Posts Tagged ‘Madoff’

JP Morgan execs: Useless as [insert expletive here]

In today’s NY Times… Senior executives at JPMorgan Chase expressed serious doubts about the legitimacy of Bernard L. Madoff’s investment business more than 18 months before his Ponzi scheme collapsed but continued to do business with him, according to internal bank documents made public in a lawsuit on Thursday. Oh. My. God. If this is […]

The sins of the fathers

It was pretty sobering to read of Bernard Madoff’s 46 year old son hanging himself just before the 2nd anniversary of his father’s exposure as a fraud. Consequences. Sad.

Tall poppy syndrome: last refuge of the scoundrel?

Is a claim of ‘tall poppy syndrome’ the last refuge of the scoundrel? (Yes, I know that’s supposed to be patriotism. But how about it? Or perhaps it could be claims of religious virtue?) Here’s a typical definition of the ‘syndrome’ … Tall poppy syndrome: a social phenomenon in which people of genuine merit are […]

What the scammers rely on … Believers

THE BELIEVERS: How America Fell for Bernard Madoff’s $65 Billion Investment Scam by Adam LeBor It was in luxurious Palm Beach, by the manicured lawns and Olympic-sized swimming pool, that financier Bernard Madoff ravaged the world of philanthropy and high society he had strived so hard to join, vaporising the assets of charities, foundations and […]