Boston Criminal Lawyer Blog
Let the games begin! As local as Boston and as distant as the globe will reach! The adventure of pointing fingers and looking for bodies to blame, as expected, has begun. Defense Attorneys for everybody! Everybody pays!
Bernard Madoff (hereinafter, the “Defendant”), talking in 2001 about what fed the Internet bubble said “You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.”
You would almost think that the Defendant did not have a lot of faith in investors, regulatory agencies such as the Security Exchange Commission and the market in general, wouldn’t you?
Well, I guess now we know why. He, himself, was apparently engaged in a huge fraud and getting away with it.
Unless you have been living under a rock for the past couple of weeks, you have heard that the Defendant is accused of devestated the international economic world, when it was already reeling, through what is alleged to be a fifty billion dollar scam, the largest such fraud in history. For more background information, you may want to check out Tuesday’s blog, entitled, Boston Is Hit, Along With The Rest Of The Country, By Financial Guru And His Use Of A Boston-Originated Method Of Fraud (The Madoff Nightmare Part One.
The question of what to do next appears to be a nasty little thing for which there is no clear answer. Therefore, filling that vacuum, we move to other, and perhaps more lucrative, questions. The questions include such topics as how any scam of this size could remain a secret for so long, who was involved, who else is out there doing similar things and, of course, who got off easy.
In short, the questions are “Who else can we blame?” and perhaps more importantly, “Who else can help finance the cleanup?”
Hey, it’s what we do.
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