Madoff's Interview from Jail
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@curtisjones400 We will all be crying when the effects of what Madoff did take its toll on the rest of us. You cannot have a scam of this magnitude not effect the rest of society, but it will take a little time for us to feel the full magnitude of the scam. What is even more mysterious is that numerous banks were his "victims." They were in the best position to know this was a scam. We do not even know of the extent of the damage in Europe. All the royals of Europe were investing with him.
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@anastasia2657 I really felt sorry for this 1 guy-he was a doctor and was 80 years old-He invested all of his money with Madoff so he could retire with a modest income-The doctor lost everything-He broke down and cried on 60 minutes-Here is a man who worked all of his life and thought that he was investing his money wisely and now has nothing-Madoff is scum
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This guy realized that great wealth could be had by doing work that, while not unusual, called for a great degree of stupidity among the participants. He succeeded for a long time and now pays with his freedom. The game he was playing had nothing to do with family, freedom, success etc. It was greed. GREED. Americans know greed, they know it very well. It keeps guys like this one in the lap of luxury for a long time and, had he not been caught, would still be in the game today.
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"Incompetence" is NOT the reason why they did not "catch" him. They already "caught" him. They simply did nothing about it. And the only question to ask is "why".
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He was not caught and had this scheme for more than 20 years?!
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@dmjdmj good point
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the chasing madoff is nowhere to be found , im fed up with maddoff trailers , and bad reviews that are based on nothing !
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the fed's weren't ready to expose you simply because it wasn't your turn. they have plenty of distractions going on, when the veil of secretcy gets a little light shone on their dirty dealings thats when a bigger scandel averts attention yet again.
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@wildfratto Or just didnt give a shit just like the guys at the United States Postal Service that treat my media mail packages like a soccer ball.
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im sure some SEC investigators were being paid off to look the other way
wildfratto 6 months ago 12
ARREST THE OTHER CRIMINALS WHO STOLE BILLIONS AND TRILLIONS BY THE FEDERAL RESERVE!
TheJamezMan 4 months ago 7