[Fhios]

You’re assuming that he set off to make a profit. It could just be money laundering or Payoff scheme.

[Liz]

You got that right. Wall Street can make money disappear faster than a cream puff at a Weight Watcher's weigh-in.

You can bet these crooks used the Madoff MO: When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore---into a labyrinth of financial entities.

COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.

But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.

[az_gila]

You’re assuming that he set off to make a profit. It could just be money laundering or Payoff scheme.

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He set off to make big commissions on each transaction.

I’m sure that part worked well...:^)