[Oshkalaboomboom]

This still smells rotten to me. Think about it, a 70-year old man sets up his sons and probably every other living relative he has for life. He lives a life of luxury for the majority of his adult life then, as things start to unravel, he “confesses” to his sons who then turn him in. He is the only one to take a fall and everyone else does fine. If you have to take a fall it sounds like a pretty good deal. Someone still has enough left to put up his $10 million dollar bail. It seems like crime not only pays it pays well.

[PapaBear3625]

This still smells rotten to me. Think about it, a 70-year old man sets up his sons and probably every other living relative he has for life. He lives a life of luxury for the majority of his adult life then, as things start to unravel, he “confesses” to his sons who then turn him in. He is the only one to take a fall and everyone else does fine.

I wonder how his health is. It may be the case that he doesn't plan on being around by the time the trial finishes being dragged out.

I'm also wondering if his investors really lost money, or whether this was an elaborate laundering scheme to get money offshore (the IRS now taxes you on large money transfers out of the US)

[9YearLurker]

I agree, to imagine the sons were in business with him for years and yet supposedly hadn’t a clue is, well, a bit of a stretch.

[org.whodat]

This still smells rotten to me. Think about it, a 70-year old man sets up his sons and probably every other living relative he has for life. He lives a life of luxury for the majority of his adult life then, as things start to unravel, he “confesses” to his sons who then turn him in. He is the only one to take a fall and everyone else does fine. If you have to take a fall it sounds like a pretty good deal. Someone still has enough left to put up his $10 million dollar bail. It seems like crime not only pays it pays well.

BINGO!!!!! LOL

[DB]

It is my understanding that there are two different businesses involved. The primary business which the sons run didn’t have anything to do with the “investment” business dad ran. Or so the reports said...

[Frantzie]

The family were in on it.

Somebody help me out here. From what I heard in a ponzi scheme - the people who have been paid back recently may have to give money back or could be sued to return money they recently received.

[baltoga]

Sometimes a person can live a lie, but eventually the lie exposes you for what you are.

[ldish]

total BS and the media sounds like they are buying it...the sons are in on it from the beginning or they are dumber than dirt...just an ole man taking the bullet for now...the family has pocketed hundreds of millions and billions off shore...may they rot in hell or be taken out ASAP! i probably don’t know it but the faceless SOBs who are managing my very meger...now much more meger assets probably bought this dirt bags sorry assed fund and i have loss my lifetime retirment to the greedy buns just like everyone else...i really hate all these people and someone must eventually pay for my pain...maybe not now but soon...please though don’t anyone believe this bullshit