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To: nickcarraway
He wasn't a genius. We're going to find out that most of his "victims" were actually willing accomplices.

The only problem is that they were accomplices to something other than what Madoff was doing with their money (in other words, they thought he was perpetrating a different kind of scam in which they themselves were supposed to be the beneficiaries).

It only became a "crisis" when the co-conspirators/victims found out that the scam wasn't what they thought it was.

10 posted on 02/20/2009 10:43:36 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)
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To: Alberta's Child

That was all known. For him to make this last 13+ years without buying any securities is unbelievable.


11 posted on 02/20/2009 10:45:06 AM PST by nickcarraway (Are the Good Times Really Over?)
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