Madoff confessed $50 billion fraud before FBI arrest
His clients were hedge funds, presumably not idiots, yet they didn’t know. Seems odd. How can that much money vanish and was this just a solitary amoral greedhead or was it, um, more organized than that?
I bet there’s lots more of this out there. We’ve had eight years of the Federal Government winking at corporate thieves, now we’re going to see just how much corruption and fraud there has been.