You can watch the new Frontline documentary on Bernie's fraud online. If you're a Madoff-junkie, like I am, absolutely nothing new in terms of substance. But, it is really striking how much Fairfield Greenwich was run by total bullshit artists.
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There are now some articles which are detailing the other Ponzi schemes which are coming out in the wake of l'affaire Madoff. One thing that is notable: the next biggest scam is an order of magnitude less significant. That is, while Bernie Madoff's scam was on the scale of billions, the next ones…
Vanity Fair has a long profile of Walter Noel's clan up right now. Noel, if you don't know, is the head of Fairfield Greenwich, which funneled billions into Bernie Madoff's ponzi scheme. One of Noel's daughters has this precious quote:
Lawyers for aggrieved clients are hell-bent on finding and…
Megan McArdle notes:
The scale of Bernie Madoff's crimes has largely eclipsed the more interesting scam that broke around the same time: the antics of Mark Dreier, who bilked institutional investors for millions with faked securities. What we know about Madoff suggests that he may have become an…
Naturally, since this friday was the first time that the SB server has really been down since I start blogging (planned downtime, as it happens, for a major system upgrade), there
was spectacularly bad math in the local news here in NYC friday afternoon.
I'm not sure how long this has been the…