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Thread: Madoff: The Monster of Wall Street
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Old 01-08-2023, 06:18 AM
Caymus Caymus is online now
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Originally Posted by DAVES View Post
In the CUB SCOUTS, talk about a long time ago. I still recall our trip to the FBI. Surely the one who did our tour is probably 6 feet under. I expect he was given some other things to do if managers ever heard what he was saying. He told us the FBI solves only 20% of the crimes THEY KNOW ABOUT. How many crimes, the good crimes are never found out.

Most crimes are never caught. It is the threat of getting caught that keeps people on the straight and narrow. Madoff, heck they even made a movie about him. You can bet he is giving investment advice to prison guards and he is being well treated in exchange-assuming he is still in jail. Martha Stewart was railroaded and served jail time all kinds of press coverage. From what I recall she was found guilty of insider trading. The amount was ten thousand dollars. Typical of our legal system they offered her a plea bargain.
If I remember correctly her real problem was lying to the FBI during the investigation. She most likely would not have served jail time if she came "clean".