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Even that never really happened, did it? Madoff was never not able to make a payment. His kids reported him to the police before they could be found out by any
by thaway2839 4y ago
Even that never really happened, did it? Madoff was never not able to make a payment.
His kids reported him to the police before they could be found out by anyone else. Of course, as part of the reporting, they also got immunity from the consequences of the company they worked for being an elaborate ponzi scheme.
I suspect it's highly likely that this was a scheme they came up with to ensure that no one in the family, other than Madoff himself, would have to suffer the consequences of their crime.
- oldgradstudent 4y ago> Even that never really happened, did it? Madoff was never not able to make a payment. Until the day it collapsed. It collapsed because he didn't have enough cash to cover withdrawals and he could not find new victims. That's how all Ponzi schemes collapse.