I was sent a link by a USA friend this week about an article that is tracking the Billions of funds that Bernard Madoff,has stolen from investors.
The current total without any of this weeks stories being added, so far comes to a staggering $42 Billion!
Already accounting for at least one death, how much further will his tentacles envelope ordinary investors who based on the supposed informed advice of yet more financial experts that they should invest in Madoff’s corrupt Ponzi scheme.
One wonders what the SEC and FSA were doing as one of their own, and there in lays another issue about who really manages the Financial Service industry, there needs to be some major Government led investigations into what they were doing with their necessary legislation to protect the ordinary investor from such occurrences.
I would suspect as the current Labour Government is so ‘in bed’ with the City, Barack Obama’s new government will tackle this issue much sooner than the UK government will ever do!
Beasley's Place 