Madoff with the Money
So Madoff has got away with life in jail and no remission.
Now I have no sympathy for the crook at all, but doing this doesn’t really do anything for those who he defrauded like the Miriam Siegman, who is reduced to food stamps and collecting things from skips.
Madoff’s wife has been allowed to keep $2.5 million and I have to ask is this right. She claims that she knew nothing, but if she did, then she was pretty stupid, as I don’t believe you can live with someone without getting an inkling of what is going on.
I don’t think I’m stupid, but where did all the money he got in go? And how did he hide the fraud from everybody who worked for him?
It all just beggars belief.
Years ago, I met a guy who worked for an organisation that was going pear-shaped. He was the guy who programmed the computer system and knew what was happening. There was no fraud, just incompetence! So he got out early. Perhaps what he did wasn’t ethical, but at least he saved himself.
Didn’t anybody in Madoff’s organisation spot that?
He must have been one clever guy!
There is also the point that these days, I believe that there is a tendency to use nothing but Excel to analyse companies accounts. Accountants and regulators don’t dig as deep as they should, as they know that certain bosses might ruin their careers and perks.
There is a large overhaul needed in the methods and management of a lot of companies, so that we don’t get another Madoff, HBOS, RBS or Northern Rock.
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The Anonymous Widower 
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