[USFRIENDINVICTORIA]

Why is this even news? A measly $400 million — that's over an order of magnitude less than Madoff’s $50 billion. It barely registers on the scale, compared to the multi-trillion dollar bailout and stimulus packages. Strictly amateur hour — maybe good for an episode of Cops; but, that's about it. /s

[CutePuppy]

maybe good for an episode of Cops; but, that's about it. /s

True, and it did make me feel so small for even contemplating to post this. So, in trying to bulk up the overall amount, I found the article that mentions several recent schemes, in addition to this minor one (by comparison to Madoff).

Madoffs with $50B compounded over several decades don't come up quite that often. Neither were Enron and WorldCom. Wonder if we'll see the Wall Street 2 or Madoff: The Smartest Guys in the Room, with a cast of explicitly greedy and corrupt Democrats... Naah!

[Lonesome in Massachussets]

Actually more than two orders of magnitude smaller than Madoff. log10(50e9/400e6)~2.1.

It’s interesting because it shows that Madoff was far from the only one. There are lots of these scamsters out there, the public should be made aware of it. Madoff was just their king.

[fanfan]

LOL.

For a second there, I thought you were serious.

Thanks for the /s

;-)