Swindle of the Century

Washington Post | Dec. 18, 2008 (Editorial)

But, while Ponzi cheated people out of millions of dollars, the price tag of Mr. Madoff's con game is a reported $50 billion. Even that spectacular estimate shouldn't be trusted, because it comes from Mr. Madoff himself. Still, there is no question that Mr. Madoff has done epic damage to investors large and small, all over the world. Full Story »

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3.1

by Naomi Isler - Dec. 18, 2008

Yeah, it's factual, well written, etc. etc. And it does reference lack of regulatory action despite warnings. It even notes, objectively, the effect on charities (it ignores the small investors who lost everything). It reiterates the need for financial wariness. - the major charities still have money

It has an unreal quality - every day brings a new revelation of another sadness - and the ripple effects will be felt for a long long time. One question I've seen nowhere addressed, possibly because there's no answer , is how someone formerly so apparently straight could have gone so massively wrong!