I remember a Jewish lawyer in NYC who warned me about this scam in 1995. If I were to post exactly what he said I’d be banned. I can say he said that, “when it unravels it will be monstrous.”
He said he was warning all his clients. I bet that now all his rich clients are lining up outside his office to suck-up to him.
Interesting. I wonder how he knew and all those ‘regs’ did not. Smart man this lawyer.
I bet he is not the only person who knew it was a scam either. How about 99.9% of the people who invested with him!
I believe that and I cannot believe that Madoff’s clients were unsuspecting.
If these people get a bailout, that will trigger the revolution.